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If EUR/JPY continues its advance into higher levels, it may encounter resistance at 117.80 (May 31 high), 118.50 (April 26 low) and 119.20 (May 3 low). To the downside, support levels lie at 117.16 (May 20 high), 116.90 (May 11 high), and 116.37 (May 26 high).
The decision was taken today at a meeting of Eurozone finance which was held in Paris was the providing of the next tranche of financial aid to Greece on December 5. The ministers will meet tomorrow in Brussels where they will give a preliminary approval for the allocation of 44 billion euros ($ 56 billion).
EUR/JPY has seen a strong rebound from the 55 day ma at 131.35 and remains under pinned by the 130.57/30 3 month uptrend. The intraday charts are suggesting intraday rebounds will struggle around current levels for another slide lower, however are giving conflicting signals and it is not clear.” Our pesronal aspect of view is that traders should bear in mind that is very crucial if the pair manages today to have a clearly close above the 21-DMA as of 132.62 (also yesterday’s high), which would give further uptrend momentum to the pair – all other equal – to move closer to the crucial, psychological level as of 133.00 area.
102.05-102.17 area will be the next obstacle for the price to appreciate because the area is an indication of overbought area i think for this pair
The decision was taken today at a meeting of Eurozone finance which was held in Paris was the providing of the next tranche of financial aid to Greece on December 5. The ministers will meet tomorrow in Brussels where they will give a preliminary approval for the allocation of 44 billion euros ($ 56 billion)
on currency pairs EURJPY I have predicted that there is a signal SELL in the time frame H1
because I was referring to the indicator fibbonaci and pivot indicator to see support and resistance at R3=134.18, R2=133.7, R1=133.08, Pivots=132.60, S1=131.98, S2=131.5, S3=130.88
so I suggest to perform the requisite order SELL to
Take Profit 131.7 and Stop Loss 132.3
a target is likely to move by 50 pips
Eur/Jpy ki Market Down Ki Tarf Ho Rahii Hai And Mujhe Lagta Hai Market Down Ki Tarf Ho Saktii Hai
And Mera Jo Andaza Hai Hai Wo Hai Down
main umeed Krta Hun Ap Humarii Es Ray Par Pora Utry Gan
Good Luck
Current rate:126.3125
EUR/JPY market technical over view
according to market technical analysis the market have down trend
the market trend is in sell position
expected resistance and support levels
1- Resistance level----------126.55
2- Resistance level----------126.66
3- Resistance level----------126.76
1- Support level-------------126.22
2- Support level-------------126.10
3- Support level-------------126.00
once in the prediction of several indicators for the technical analysis of currency pairs EURJPY on the market today at 126.70 the resistent level , then I recommend you to do the open position SELL with some criteria such as the following. You put a take profit at 125.85 positions. You put a stop loss at 126.69 positions
that's indicator Bollinger Bands is trend down and signal Parabollic SAR is trend down then Support and resistance at
Resistent1 = 126.70
Resistent2 = 126.82
Resistent3 = 126.95
Support 1 = 126.00
Support 2 = 125.87
Support 3 = 125.75
my analysis unable to control the forex market movement. you can follow my signal , but you should put stoploss to limit the risk.
Technical analysis of EUR/JPY
Today Market Trend is : Bullish
Today Resistance level :-
1= Resistance level is: 126.52
2= Resistance level is: 126.68
3= Resistance level is: 126.97
Today supporting level :-
1= Supporting level is : 126.24
2= Supporting level is : 126.11
3= Supporting level is : 125.95