SimpleFX Blog
    Facebook Twitter Instagram
    Wednesday, August 17
    Facebook Twitter LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home»Analysis»Trading Euro Against Yen Today Will Take Your Hedging to the Next Level
    Analysis

    Trading Euro Against Yen Today Will Take Your Hedging to the Next Level

    Zach WrightBy Zach WrightJanuary 27, 2020No Comments1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    After the market pushed away from the upper bound of the yellow channel, we saw a decline in the price in the direction of the lower wall of this channel. Moreover, the price moved down in a very complex manner.

    At the moment, the bears are close to the support level of 119.60. It is likely that in the near future the market will continue to move down to the specified price level. Then, when it is reached, the market will push off from this bound and start moving up towards the upper wall of the yellow channel.

    In the event of a break below the 119.60 level, the bullish scenario will be postponed indefinitely, and the market will be dominated by bears. However, at the moment, it is difficult to guess what goals the bears may have.

    It is preferable to add this pair on our watchlist!

    featured forex
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleGBPJPY Once Again Showing Tempting Opportunities
    Next Article Franc Strongest Since April 2017 – What’s Next?
    Zach Wright

    Related Posts

    Ethereum Merge Comes Soon and Will Affect Cryptocurrency markets

    August 17, 2022

    GBPUSD – Tech Analysis, August 17, 2022

    August 17, 2022

    EURUSD Technical Analysis – August 16, 2022

    August 16, 2022

    Leave A Reply Cancel Reply

    Copyright © 2022. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT