ðķðīEUR/JPY Continued Increases
ðķðīThat's how I perfectly predicted the support zone and future trend direction in the last post:
ðķðīYes and this time I come to you with an update of my perspective.
ðķðīThe direction remains unchanged.
ðķðīToday's upward movement was fuelled by another 50-point interest rate hike in the Eurozone.
ðķðīAhead of us there is a strong resistance zone defined by a cluster of two levels. The first level is 1.272 of the last downward wave from the peak. The second is the 2014 peak.
ðķðīThere is a support zone below us.
ðķðīLooking at the MACD and RSI, I have no doubts about the continuation of the movement.
ðķðīWe are above the 50 and 200 moving average.
ðķðīThe scenario I am playing out is a continuation of the upside to the vicinity of the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
ðķðīThat's how I perfectly predicted the support zone and future trend direction in the last post:
ðķðīYes and this time I come to you with an update of my perspective.
ðķðīThe direction remains unchanged.
ðķðīToday's upward movement was fuelled by another 50-point interest rate hike in the Eurozone.
ðķðīAhead of us there is a strong resistance zone defined by a cluster of two levels. The first level is 1.272 of the last downward wave from the peak. The second is the 2014 peak.
ðķðīThere is a support zone below us.
ðķðīLooking at the MACD and RSI, I have no doubts about the continuation of the movement.
ðķðīWe are above the 50 and 200 moving average.
ðķðīThe scenario I am playing out is a continuation of the upside to the vicinity of the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
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ðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦ
ðē To keep up to date with all my activities I invite you to visit my Telegram ðē
ðē www.t.me/Investmatez ðē
ðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦ