EUR/JPY Bearish Hints at Resistance

EUR/JPY is trying to push higher but 1-2-3 is holding it. the 130.45 zone could move the price lower towards 130.27 and 130.05. However if the price moves above 130.55, a bullish breakout might occur going towards 130.80 and 131.00. Watch the price action at the POC zone for further cues.

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Cheers and safe trading,

Nenad

 

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.