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Any pullbacks below 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011. Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
EUR..JPY
techncal analysis eur/jpy
this is a sensitive price rate
the price eur/jpy buying point is 128.96 and the selling point 128.92
Technical view of EUR / JPY is that.
Market trend this pair is Bullish.
Current price of this pair is = 126.982
Resistance lever Up.
Resistance lever one / 127.075
Resistance lever two / 127.190
Resistance lever three / 127.270
Support lever down.
Support lever one / 126.845
Support lever two / 126.790
Support lever three / 126.700
Same movement seen in 3 indicators for EURJPY movement today; GMMA with his two EMA groups showed that prices in the near future will likely signal a decline, although the significance level is still not very strong; MACD it shows the same thing with GMMA, but with a stronger level of significance, with the indicator area figures moving toward zero (0); Stochastics similar to the MACD is also showing strong indications that the number of indicators to try to penetrate into the area 20. If confirmation of the decline occurred during the day, then the range of support will be recorded in the areas of 100.29 (38.2% Fibonacci retracement), 99.68 (23.6% Fibonacci retracement) and 98.68 (0% Fibonacci retracement). However, if the opposite happens then it will be recorded in the resistance range of areas 100.79 (50% Fibonacci retracement) and 101.28 (61.8% Fibonacci retracement).
Now, eurjpy moving around weekly pivot level (101.51) after down from highest price ago. price had broke hma 32 and 860 and both of hma shown red colour so it esimated price will down ,but hma 192 still in green colour that indicates trend for medium trend is up. Price possibility bounch up following medium term trend, it strenghthened again by signal stochastic tf d1 that move up and tf h1 has been in oversold area.
The following data is predicted based on indicators that we use for the currency pair EUR/JPY today, for today's support and resistance levels as follows: (R3=134.18), (R2=133.7), (R1=133.08), (Pivots=132.60), (S1=131.98), (S2=131.5), (S3=130.88)
recommendation:
place your sell stop at 132.4 target profit at 132.2 (Seller zones)
place your buy stop at 132.8 profit target at 133 (buyer zone)
Technical Analysis for EUR/JPY
Market Trend is : BEARISH
Resistance Level are:-
1= Resistance Level is : 127.95
2= Resistance Level is : 128.25
3= Resistance Level is : 128.90
Supporting Level are:-
1= Supporting Level is : 127.25
2= Supporting Level is : 126.90
3= Supporting Level is : 125.88
Oscillates EUR / JPY around 101.20 after falling levels today after touching the resistance located at 101.82 levels and content then the SMA 55 and was supported by the decline stochastic
No clear signal now to the direction of the pair to pressure SMA 55 from the top, stochastic gives a positive signal for the rise
Breaking levels 101.03 and closure underneath you will pay the price for the drop to the 100.37 levels either shutdown the highest levels of 100.82 will pay the price for the rise to levels 102.50
EUR/JPY dipped to 108.01 last week before forming a temporary low there and recovered. The development affirmed the case that recent fall from 123.31 is still in progresshe EURJPY was indecisive on Friday, made a Doji on daily chart. My overall technical bias remains to the downside as long as price stays below the trend line resistance but the movement back above 109.45 earlier today in Asian session stops the strong intraday bearish bias for now
I bought EUR/JPY for the medium term - at least several days unless I get contradictory signals.
Reasons:
Bullish price action patterns on the daily chart. First a pin bar then a bullish engulfing bar
Price is crossing a small but still important pivot zone, the 115.00 area
The support on the daily chart at 113.50 is the bounce place. Multiple bottoms in this area = strong rejection.
target at least 116.50 or more; stop loss at 113.50. Again, this is a medium term trade