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Intraday forecastEuro / Japanese Yen graphique technique
SymboleEURJPY
Release Timeseptembre 5, 2022 - 20:36
Advisebuy (limit) above S1=138.65
Intraday
Short term
Yesterday range149
Yesterday high140.75
Yesterday low139.26
Yesterday close139.62
R3141.25
R2140.7
R1140
S1138.65
S2138.3
S3137.25
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=138.65.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=140.
TP4: R2=140.7.
Set the stoploss of these orders at breakout of S2=138.3.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=138.3.
In this situation, there is an expectation to reach the target S3=137.25.
Set the stoploss of reverse orders at breakout of S1=138.65.

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