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Eurjpy in Play! (Forex analysis 22-12-13) 

Last Updated: May 14, 2022

By Rayner Teo

Eurjpy has been in a nice steady uptrend. Find out where i’m looking to long in this week’s Forex Analysis.

The Eurjpy Analysis Video

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  • Hi Rayner. Thanks for another great video.
    One question, AudUsd pair, daily chart, isn’t that a ” Pin Bar ” at/close to support level ? followed by bullish engulfing ?
    Doesn’t this confirm that the downward trend has come to an end?
    Your concern is the weakly chart, which is still bullish?
    But I can see a pin bar there too.
    Do correct me, I’m still learning.
    Thanks.

  • Hi Haj,

    Yes there’s a small bullish pinbar on the daily chart, however given the size of it relative to the previous candles, i wouldn’t be too bullish about it.

    I’m still anticipating a break of the downward trendline before looking for any longs.

    Cheers!

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