Open Free Account


EUR/JPY Express Technical Take (Hourly Chart)

Odwa Magwentshu


Express trade EUR/JPY on an hour chart

I saw the EUR/JPY break above the resistance line once today at 1pm, however I am looking for a candle stick to close above the 129.1 level to confirm a long trade. I see a potential move of 150 points should the trade go accordingly.

Trade summary:

Long EUR/JPY (Hourly chart)

Target price 2:    130.60

Target price 1:   129.90

Entry:   129.10

Stop loss:   128.50

Remember... trade responsibly, your capital is at risk and trading can lead to capital losses.

Until next time, I wish you profitable trading.

 All charts sourced: Bloomberg

Odwa Magwentshu | Trading Specialist at GT247.com

Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

Want to trade CFD Equities, Forex, Indices & Commodities on the most affordable online South African trading platform?
Start Trading Now