EUR/JPY (148.45)
TARGETING HOURLY BEAR TRENDLINE
This pair found the bottom at 147.71 and now targeting to break the Hourly Bear trendline which is connected from the highs of 150.26 and 149.10. Now the trendline breakout level is at 148.60. Just near to 148.68 which is the 38.2% fibo of 150.26-147.71. And the support stays at 148.31 which is 23.6% fibo of 150.26-147.71. Above 148.60 it can kiss the level 149.28/149.35. Hourly RSI is just above the 50 mark.
TARGETING HOURLY BEAR TRENDLINE
This pair found the bottom at 147.71 and now targeting to break the Hourly Bear trendline which is connected from the highs of 150.26 and 149.10. Now the trendline breakout level is at 148.60. Just near to 148.68 which is the 38.2% fibo of 150.26-147.71. And the support stays at 148.31 which is 23.6% fibo of 150.26-147.71. Above 148.60 it can kiss the level 149.28/149.35. Hourly RSI is just above the 50 mark.
posted by Naveen Pantera at 8:52 PM
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