Divergence on EUR/JPY

Divergence on EUR/JPY

A fairly strong reversal formation of technical analysis was formed on the EUR/JPY currency pair – the price and MACD histogram divergence (H4 timeframe). In the near future, the bullish sentiment may prevail in the trading instrument. The local support is 129.700. We recommend you to pay attention to this situation.

If the price has fixed below 129.700, one should look for entry points to the market in order to open short positions. The immediate goal for profit taking is the round level of 129.000. In the medium term, the EUR/JPY currency pair may reach 127.500. When tracking the position, we recommend using a trailing stop.

by JustForex, 2017.07.12

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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