Eur/Jpy

EURJPY Today Analysis

PIVOT POINT 124.32

Support 1 123.94

Support 2 123.65

Support 3 123.27


Resistance 1 124.61

Resistance 2 124.99

Resistance 3 125.28

Today eur/jpy rate i 124.6260
In my observation the profitable next selling ponit will be 124.6140
and by my mind the profitable next buy point will be 124.6360
You will earn more money if you will follow my views
because i have posted this after checking the previous routine clearly
good luck

In H1 chart of the pair, the price is in uptrend because it is above the Ichimoku Kumo Cloud and EMA 200. But there is a Divergence on MACD indicator. So, I think the price will retrace to the Kumo Cloud and then it will increase strongly.

EURJPY At this moment this pair is trading at 100. 95/97 (-0.11%), looking at Average Exponential Indicator (ADX) we have a Neutral trend direction. If we look at Commodity Channel Index (CCI) it is at -88.082, giving us the advice that we should look for a Sell Situation. This in conjunction with the the Moving Average Convergence Divergence (MACD) at -0.0028, telling us that we should be in a Neutral trend. This data help us to make a decision on the direction of price for this pair.

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

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).

My dear sir, today my technical analysis of Eur/Jpy market trend is buy

Resistance and supporting level:

1. Resistance Level: 124.90
2. Resistance Level: 124.94
3. Resistance Level: 125.10


1. Supporting Level: 124.60
2. Supporting Level: 124.52
3. Supporting Level: 124.40

Such a beautiful overall price structure right now.

I've been tracking EJ like a hawk all week. I picked up 50 pips from the "minor" H&S break over night and then set two new shorts on the rebound. Price did indeed rebound and both new shorts were back filled perfectly.

Now, the larger structure shows us the right shoulder of the "major" H&S pattern. As it stands, price is at a cross roads. The initial bounce penetrated just back up thru the bearish fractal wedge and now has settled down and is creeping along the wedge to an area that should contain some inertia.

Scenario 1) Price breaks up thru the magnetic axis (MA) and tries to get back into the bullish fractal wedge. Possible, but would take a lot of energy to break through and close consistently above the MA

Scenario 2) Price just ranges into late morning New York session. I don't think this is plausible. Imho, we are at an inertial reaction zone. I believe Frankfurt/London will pop price 30 pips either way to establish the next line of defense.

Scenario 3) Price will run down to 130.9 thereby completing the "major" H&S pattern. Then potentially retest the MA before another leg down to 130.5 with one last possible leg down to pattern completion @ 129.77

Our stance is scenario 3 and are positioned accordingly.

Eur/Jpy

Today market trend is bullish.

Resistance levels are
R3. 125.43
R2. 125.15
R1. 124.74

Support levels are
S1. 123.99
S2. 123.71
S3. 123.34

Today analysis for the pair of :Eur/Jpy
--- Trading opinion for the best profitable trade: Open sell ---
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck
Resistance level of this pair is:
1# Resistance is: 124.54
2# Resistance is: 124.70
3# Resistance is: 124.95
Supporting level of this pair is :
1# Supporting is: 124.05
2# Supporting is: 123.89
3# Supporting is: 123.65