This article was posted on Thursday, 18:09, UTC.
EUR/JPY: Short-Term Buy EUR/JPY, 4-Hour Chart Analysis The pair has been drifting lower in recent weeks, breaching the long-term rising trend-line this week. The downward momentum looks to be fading, underlined by the divergence in the MACD indicator. A possible failed break-down is developing on the 4-hour chart giving a low-risk entry for a short-term long position, with favorable stop-loss opportunities. The 119 zone provides a good stop-loss exit level while the 121.20 resistance could be considered as a target level, with an initial target of 120.40. Long-term investors might also enter a position with a slightly wider stop-loss, probably…
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Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.