13.10.2020
The currency pair is trading in the range of 365 and 135 moving averages. The support level of 124.18 is holding back sellers. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.
EURJPY rate online: monitor the price movement in real time.
Trading recommendations:
A fractal is considered as an entry point. Conditions: the start fractal is formed above 135 EMA + correction = buy on the breakout of the start fractal (when the 1-2-3 ascending pattern is formed).
Stop Loss: below the local minimum (124.18).
Target levels: 124.87; 125.27.
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