Analysis on EURJPY 5.07.2018

Analysis on EURJPY 5.07.2018
Written by: PaxForex analytics dept - Thursday, 05 July 2018


The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 129.60
• Take Profit Level: 130.30 (70 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 128.50
• Take Profit Level: 128.00 (50 pips)

GOLD
Possible short position in the breakdown of the level 1253.00

USDJPY
Possible long position at the breakout of the level 110.80

USDCHF
Possible long position at the breakout of the level 0.9940

GBPUSD
Possible long position at the breakout of the level 1.3250

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