Looking to Sell EURJPY Into Resistance Zone | Sept 4th

NOTE: I am back from the weekend traveling and am posting regularly now
EURJPY – Approaching Key Resistance Zone
The EURJPY is approaching a key resistance zone which has rejected price now 3x, with the smallest move being over 100 pips, and the largest being over +260 pips. Although on the daily chart the pair is building a series of HL’s (higher lows), there could be a good low risk – high reward opportunity to sell in this resistance zone.

I’m looking for intra-day sell signals between 132.15 and 132.75 with minimum targets set at 131.15, and larger targets around 129.85. So watch the 4hr or 1hr charts for price action sell signals in this resistance zone. A 4hr close above 133 suggests an attack on 133.81 which would be the 3 month highs.

price action resistance zone eurjpy 2ndskiesforex

Take a look at out latest article on Success in Forex Trading: What It Requires

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Verified Profitable Trader

Hi, I'm Chris Capre, Founder of 2ndSkiesForex. I've turned $3,000 into $83,000 in my first 6 months of trading. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18yrs of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.

Related Article