Forex Signals – EUR/JPY Technical Analysis and Forecasts [30-07-2020]

EURJPY Forex Trading Signal

EURJPY Technical Analysis and Forcasts 

Price Expected to Continue Downtrend.

Time Frame- 4H

1- Market Sentiment – Bearish.

2-Price Bounce Back at Resistance Level

Trade Setup

Position :- Short
Entry Level :- 123.70
Stop Loss Level :- 124.50 (80 pips)
Take Profit Level :- 119.50(420pips)

Alternative scenario

UP Trend Maybe Continue if price break Above 124.50 which will leads to 126.00

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Note:-

Forex Trading is Highly Risky Business , do your own research and be aware of the risks and rewards. Always use Stop Loss. 

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