Analysis of EURJPY 8.03.2019

Analysis of EURJPY 8.03.2019

The price is below the moving average 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level.

If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 124.20
• Take Profit Level: 123.40 (80 pips)

If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position

Source:: Analysis of EURJPY 8.03.2019

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