Divergence on EUR/JPY

Divergence on EUR/JPY

The current technical pattern signals a possible correction of the EUR/JPY currency pair after a continuous rally. In a trading instrument, a classic reversal formation has been formed – the price and MACD histogram divergence (H1 timeframe). At the moment, the EUR/JPY currency pair is consolidating. The local resistance is the level of 123.350. We recommend paying attention to this situation.

If the price fixes above 123.350, you need to look for entry points to the market to open long positions. The immediate goal for profit taking is the zone of 123.750-124.000. The movement is tending to 124.250-124.700. When tracking a position, we recommend using a trailing stop.

by JustForex 2019.05.13

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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