Eur/Jpy

Eur/Jpy:-
Today's signal:- buy
Current price:- 126.5560
T.P:- 126.6210
S.L:- 126.4131

The pair is still trading within the symmetrical triangle shown above, while SMA 50 pressures the pair to the downside. In general, our morning expectations remain as they are unless the pair breaches areas of 100.00-100.65.



Recommendation : Based on the chart and explanations above, our opinion is selling the pair with a breach of 99.60, targeting 98.20 and stop loss with 4-hour closing above 100.00 might be appropriate

EUR/JPY technical analysis of the market

Resistance and Supporting level today,s

Today Trend is:bullish

Resistance level today,s is

First Resistance is:1.2603
Second Resistance is: 1.2617
Third Resistance is: 1.2634


Supporting levels today,s is

First Support is: 1.2678
Second Support is:1.2660
Third Support is:1.2643

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Although the single currency has fallen again after meeting renewed selling interests at 101.16 and the fall from 102.80 may extend marginal weakness below psychological support at 100.00, as outlook is still consolidative, previous support at 99.65 should limit downside and further choppy trading would take place. Above 101.16 (yesterday’s high) would suggest low is possibly formed, bring a stronger rebound to resistance at 101.84, break there would signal the fall from 102.80 has ended and bring a stronger round to 102.20-30 first

Forex Forecast with price level.
EUR/JPY - pair in focus.
Current Price - 125.91
main support level - 125.59
main resistance level - 126.19
Pair likely to be in Sell today.

Continuing negative impact on the trading price since yesterday has been breached bullish channel and price since the morning trying to test the broken level of the channel around 100.60
Stochastic is approaching oversold level I support now bearish trend for the pair

The pair is still carrying positive attempts affected by the positivity on Stochastic; the target is to retest 103.10 before resuming the intraday downside move expected today . We should take into consideration that breaching the aforementioned level will delay the bearish targets that start at 101.35.



Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 103.10 targeting 102.00 and 101.35 and stop loss with four-hour closing above 103.85 might be appropriate

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

EURJPY tried testing demand in the 132.15 price range. If EURJPY could break down this area, the possibility of EJ could go down even further to the next level demand at 131.5 price range. While if EJ failed to break down 132.15 area, minor uptrend likely to retrace to 132.7 level