Did anyone else catch the AUDJPY / EURJPY Swings yesterday?
- seemed to completely dismiss the findings of the market releases (or I completely misread them)......
eurjpy is going toward uptrend and before it can move forward it has to breakout the nest support level on 111.44 price and if it is unable to breakout the obstacle it may be retrace back downtrend 110.42 but before the buyer should sincerely confident, the price trend must breakout the nest support @ horizontal line 4536 price 112.60 and the buyer should place take profit 111.41, the analysis come from the derive three indicators and well confirmed. it is from Daily time frame charting from the forex platform.
for more explanation try to link to the chart : https://www.mql5.com/en/charts/6970356/usdjpy-d1-instaforex-group-oke2017-live-forex-partner
or copy and past it to view my explaination