{"id":13015,"date":"2022-12-23T07:28:28","date_gmt":"2022-12-23T07:28:28","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13015"},"modified":"2023-05-18T07:34:12","modified_gmt":"2023-05-18T07:34:12","slug":"eurjpy-this-will-determine-the-trend-for-the-next-3-months","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/12\/23\/eurjpy-this-will-determine-the-trend-for-the-next-3-months\/","title":{"rendered":"EURJPY This will determine the trend for the next 3 months"},"content":{"rendered":"

 <\/p>\n

 <\/p>\n

The EURJPY pair hit this week the 1D MA200 (orange trend-line) and seems to be holding it as a Higher Lows Support within the Channel Up that started in April. We first looked into this Fibonacci Channel approach in September and gave us an excellent dump and pump trade:<\/p>\n

\"EURJPY<\/a><\/div>\n

At the moment, as long as this week’s low holds, we are expecting the Channel Up to make a Higher High within the 2.0 Channel Fibonacci and 4.5 horizontal (151.000 – 152.550) in the next 3 months. However, with the RSI on the 1W time-frame on Lower Highs while the price has been on Higher Highs, indicating a huge Bearish Divergence, we will turn bearish if the price breaks below this week’s low and target the 132.000. The 1W MA200 (red trend-line) is the long-term Support.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/EURJPY\/KNqUaKnV-EURJPY-This-will-determine-the-trend-for-the-next-3-months<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    The EURJPY pair hit this week the 1D MA200 (orange trend-line) and seems to be holding it as a Higher Lows Support within the Channel Up that started in April. We first looked into this Fibonacci Channel approach in September and gave us an excellent dump and pump trade: At the moment, as<\/p>\n","protected":false},"author":611,"featured_media":13016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-13015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13015"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13015\/revisions"}],"predecessor-version":[{"id":13019,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13015\/revisions\/13019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13016"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}