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Indicator on the H1 chart still agreed to provide bearish signals for EURJPY today. So it's likely the pair will still go down to the level of 132.50 to 131.95. the price is still dominated by the seller several days ago, the possibility of a greater fall. while riding opportunities may occur if the price is able to rise above the pivot level, with a target to get to the level of 133.79.
Spoiler:
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
After understanding the analysis I am trying to discuss Eur/Jpy pair today.
After spending a great time on this pair I would be able to understand the trend of this pair. I am not 100% sure about it but it is my opinion only.
Trading recommendation for a big profit is… ( sell )
I use the moving average for analysis
Moving Average (period 60) Red: down
Moving Average (Period 10) Yellow: up
Moving Average: (Period 200) green: down
Crossing Point:126.49
End point of today market: 126.22
Everyone made his stretigy by its own opinions. Some peoples used fundamental approaches, some people used moving averages and other then used supports and residences , who help him to make his stretigy .
Today i discuss about the pair of ---Eur/Jpy
My recommendation about this pair is --sell
Overall up movement :126.318
Overall down movement: 126.116
Running pivot point:126.192
Reinforces of price on friday ago finally had stopped at level 102.73 so that it formed peak zig-zag as it looks in chart tf m15. After toush that level, price retraced down back to opening market level until now, if price still in downward movement it can touch psichologist level at 102.00.
The Bulls were not quite so strong, the couple did not even have the strength to walk to the 103.65 resistance as she collapsed heavily to the south, now I'm talking about buying do not even think I wait a good point to sell, the couple can go and still lower to 99.70.
Today by observing all the previous routine of the market carefully i have come to know that
the most suitable and the most profitablel next sellig point will be 126.1490
and the most profitable next buy point will be 126.1599
I hope you will follow my signals
good luck
The pair demonstrated a clear retreat from the northern horizontal support 131.42, and the pair could now overcome and upper bounds converging triangle and a sliding-200 medium-trend, it seems the bulls once again set their sights on a monthly maximum of 134.70 (this is the closest level of strong resistance, the south do not see.
Couple at the moment looks like a down, a breakdown of the local level of support 132.20 and a pair nachalaa consolidation below this level, so I'm more inclined to the sale of a small stop above 131.50 level and goals .. histogram is below the signal line so I think the situation is so soon is unlikely to change ..
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.
Any pullbacks beneath 110.00 keep on being exceptionally very much upheld by the past multi-day obstruction region from May 2010 through February 2011. Search for a new medium-term higher low to cut out around 110.00 (above 108.00) in front of the following significant upside augmentation back towards and in the end through the ongoing highs by 123.35. At last, just a supported break beneath 110.00 concerns