how to trade with profits on the eur jpy

EUR JPY forex live charts this week |How to trade with profits?

Today we present the Forex live chart for EUR/JPY.

If you trade currency pairs and forex, you have probably asked yourself this question: How to trade with profits? Newbies who are learning how to day trade should read our many guides and insights and study different charting software and tools.

Experienced intraday traders can explore more advanced topics such as automated trading and how to make a living on the financial markets. The golden key is to have a strategy that actually works, and if you have that and combine it with fresh forex signals, you can make some amazing Pips already this week!

how to trade with profits on the eur jpy

EUR JPY Forex trading tips 

I use pivot points and target trading for the direction of trades for my forex analysis. Let’s check where the EUR JPY may lead us for the next days and weeks.

MONTHLY shows this pair has two targets. The first target is new at 123.405 – 132 pips below the current position; the second target is at 118.038 – 665 pips below the current position. The rsi and cmo is just below the sell zone. Once it reaches the sell zone then look to put a trade in on this time frame.

Weekly shows this pair has two targets, The first target is at 121.873 – 276 pips below the current position; 118.882 – 579 pips below the current position. The rsi and cmo dipped back below the sell zone. Wait until they are firmly in the sell zone before placing a sell trade which should reach the first target at 121.873.

DAILY shows all targets have been hit and there are no new targets. No trade recommended for this time frame at this time. Wait for a new target to appear.

EUR JPY in the news

Everything being equal, the EUR/JPY exchange rate could continue to trend bullish within this session. Bulls are likely to target the upper boundary of an ascending channel pattern at 122.00, according to FX Street.

EUR JPY Daily Analysis Forecast for Tuesday July 7 2020

n the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next according to ActionForex.

Forex forecast 06. July 2020 on EUR/JPY by TradingGold:
We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week.

We provide new forex live charts every week

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Was it helpful that I shared my signals with you here in the Forex and Profits community? What do you think will happen next with the AUD USD and EUR JPY currency pairs? I’d love to know what you thought of this article. Feel free to like, share, and comment in our Forex and Profits Club on Facebook.

Enjoy the week, and see you next time!

Disclaimer:

Before participating in Foreign Currency Trading (Forex Market) you must consider carefully the risks of the market, which has big rewards potential, yet is also extremely risky. Consider all the risks carefully before investing in the Forex Market. Remember that all the information and signals, prices and trade recommendations provided here on Forex and Profits is only a general information and market commentary, thus, does not incorporate investment advice.

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