Eur/Jpy

this pair is going to form inverted hammer in H4 we may see more down after that candle formation

EUR/JPY technical analysis of the market

the market have bullish trend and could continue today
the market have buy position

Resistance levels

R1 128.69
R2 129.00
R3 129.18

Support levels

S1 128.20
S2 128.02
S3 127.71

by taking a look on the chart which showing that the pair has closed it's weekly candle under the level of 106.00 , and that's mean that the down trend is still standing and the pair might reach the level of 105.00 this night and maybe before starting of the europe session current price of this pair is 104.94. i think its better to take short position for this pair.bcz 20 ema cross the 50 ema and price is below 20 ema also.the economic condition of jpy is more stronger than euro the chart and as we can see on it is showing the pair has succeeded in starting it's weekly candle above level 106.00 , and that's mean the up trend is still standing and the pair might head to the level of 107.20

Technical analysis of eur/jpy is strong bearish tend today.......

1. Resistance level.......128.79
2. Resistance level.......129.06
3. Resistance level.......129.29

1. Supporting level; 128.28
2. Supporting level; 128.05
3. Supporting level; 127.77

EUR...JPY
techncal analysis eur/jpy
this is a sensitive price rate.
the price eur/jpy buying point is 128.75 and the selling point 128.69

We can see clearly that the price is in downtrend because the price is below the Ichimoku Kumo Cloud and EMA 200. So, I think it will increase slightly to the Ichimoku Kumo Cloud and then it will decrease strongly.

tis pair is now in a very strong uptrend and it has broken the barrier and the next possible thing for it is to move higher because the trend is up but before that will happen traders should look for any possible rotation downward a little to test the broken line and that will act as immediate support for it to move higher.

The pair has broke the downtrend channel. Now testing the trend line and finding a good support.

Possible support : 115.12
Possible support 2: 114.90

I'll wait for a few hours to draw a trend line

============= TODAY'S TECHNICAL LEVEL OF EUR-JPY ============


@@@@@ Resistance. 1: 130.50. @@@@@ Support. 1: 128.00.

@@@@@ Resistance. 2: 131.00. @@@@@ Support. 2: 127.00.

@@@@@ Resistance. 3: 131.50. @@@@@ Support. 3: 126.00.


============EUR-JPY MARKET OVER ALL TREND SELL ==============

Technical analyse Eur > jpy

today current rate Eur > jpy > 128.46


Resistance lever 1 > 146.53
Resistance lever 2 > 146.57
Resistance lever 3 > 146.62

Support lever 1 > 128.42
Support lever 2 > 128.37
Support lever 3 > 128.33