Forex

EUR/JPY Bullish Bounce at Important Camarilla Supports

October 11, 2018

2 min read

tarantula fx

Head of Trading

Market research & company updates. No spam, we promise.

EUR/JPY Bullish Bounce at Important Camarilla Supports

Hi traders,

The EUR/JPY has formed an obvious ascending trend line at support and the price is looking bullish. W L5 & M L4 are supporting the rising trend line.

Two important POC zones are 129.00-15 and 130.00-20. The price could spike from any of POC zones. The continuation will happen only above W L3/M L3 pivot 130.50 which serves as important resistance. The final target is W H3 at 131.50.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
Elite CurrenSea

bounce break breakout Camarilla chart pattern EUR/JPY forex forex setups forex trade forex trade setups fx fx setups FX trade fx trade setups nenad kerkez price action patterns price patterns setup support and resistance tarantula technical analysis trade setups trades trading trend lines