EURJPY Forex Analysis - Rally Back To 144.26 Monthly Resistance

Duncan Cooper - Senior Market Strategist & Trading Mentor

2022-12-06 12:37:42

 

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches the price levels on the EURJPY daily and 4 hour charts.

Price is rallying on the daily chart.

EURJYP Daily chart on ACY MT4

144.09-26 the 79% fib retracement level and monthly resistance level.

Watching for price to rally and fail at this intraday resistance level for a further decline to test 140.75 last week’s low.

EURJYP 4-Hour chart on ACY MT4

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Author

Duncan Cooper is a full-time trader and mentor and the Senior Market Strategist at ACY Securities. Trading full-time since 2009, Duncan's insights are from the battleground of real-time markets, not theory, and he thrives on educating traders to reach their financial goals.

Prices are indicative only