| Videos | Channels | Search |
Coleman: Volatility in EURJPY
Volatility in the EURJPY market has caused support levels to break and Ian Coleman from First 4 Trading is looking to sell at the market open.
Prices had been holding within Ichimoku cloud levels, before increased selling volumes on Wednesday around the market highs. Support levels near the 139.35 mark broke and Ian is forecasting the EURJPY to fall further. The presence of an ABCD formation would pull prices down towards the 161.8 percent level around 137.83.
Ian is looking to sell at the market open with a stop placed above 139.40. His two targets are set at 138.26 and 137.83, the second of which is the price level set by the ABCD formation.
Disclaimer
Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.
Please read our notification on
Non-independent investment research disclaimer
00:57 minutes
Tags: eurjpy, eurjpy price, euro yen, forex, forex eurjpy, forex euro yen, forex market, forex markets, forex trading, ian coleman, ian coleman traders tale, ichimoko cloud, ichimoku cloud, saxo, saxo bank, saxo bank saxo tv, saxo bank trading floor, saxo tv, saxo tv saxo bank, saxo tv trading floor, sell euro yen, traders tale, traders tale ian coleman, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, volatility forex