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EURJPY analysis

06.04.2021

Market Review

EURJPY

The ascending wave pattern is truncated. The level 88.2% of (AN8?) is not broken.  Probably, the ascending pattern is a wave (VN8) of the descending pattern. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions.

EURJPY rate online: monitor the price movement in real time.

Trading idea:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.

Stop Loss: 130.66.

Target levels: 129.17; 128.36.

Author: GC
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