Price Action

Thursday, November 16 2023
EUR/JPY
03:14 pm (GMT +0200)
30 minutes Timeframe

EURJPY is currently trading between the key levels at 163.829 and 164.297.  A successful breach below the swing level at 163.829 will push EURJPY to test the immediate profit-targets at 163.642 and 163.548.  A protective stop loss is strongly recommended at 164.297.

Should the pair manage to exceed the resistance level at 164.297, it will eliminate the downtrend scenario, generating a buy signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
163.642

direction
Target 2
163.548

direction
Target 3
163.361

direction
Target 4
163.127

entry
Entry
163.829
entry
Stop Loss
164.297

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Thursday, November 16 2023
EUR/JPY
03:14 pm (GMT +0200)
30 minutes Timeframe

EURJPY is currently trading between the key levels at 163.829 and 164.297.  A successful breach below the swing level at 163.829 will push EURJPY to test the immediate profit-targets at 163.642 and 163.548.  A protective stop loss is strongly recommended at 164.297.

Should the pair manage to exceed the resistance level at 164.297, it will eliminate the downtrend scenario, generating a buy signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
163.642

direction
Target 2
163.548

direction
Target 3
163.361

direction
Target 4
163.127

entry
Entry
163.829
entry
Stop Loss
164.297

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction