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============= TODAY'S TECHNICAL LEVEL OF EUR-JPY ============
Resistance. 1: 125.40. Resistance. 2: 125.75. Resistance. 3: 126.15.
Support. 1: 124.20. Support. 2: 123.60. Support. 3: 123.20.
============ EUR-JPY MARKET OVER ALL TREND SELL ==============
EUR/JPY ki markeet up ki tarf ja rahi he and mujhy lagta he ye markeet up ki tarf hi movement kry gi so apko buy ki trade laga deni chahiy ye markeet 125.34 ko cross kry gi so buy ki trade boht faidy mand Sabit ho sakti he thanks you current rate is 124.953
Price is likely to correct to the 127.50 previous support level, and its likely to go even higher after that. I have a pretty poor entry, would have rather got in after the trendline.
Let's see what happens
after slowly slipping from 125 to 124.4, suddenly shoot up to 124.8, i tot it was going to shoot above 125, still placing buys.
pullback to 124.4 quickly after getting close to 124, i will be happy if ej goes up soon, but i think it will break lower to 123.75 today. close few buys and ready to buy again at about 30pips interval, downside. good luck buyers.
longer term i believe ej will drop to 122.5 before seriously shooting above 125.
ej shoot up from 124.2 to 124.8, ez 60pip for buyer, closed few buys, maintaining some above 124.7, and continue to buy at every drop of 25-30pips even if it drop to 123.5.
125 should be the limit for bulls until the EU PMI data and ECB
I think that the PMI data will be bad and the ECB will be extremely dovish, which would result in the EUR collapsing hard along with this pair
125 has been tested for few times, and spike to 124.5 has been seen. i am still in buying mode till 124.5 is breached strongly, maybe to 124.00, hopefully.
Here's my take on the EURJPY market, from the technical perspective.
On the daily time frame, price action was in consolidation for much of last week, after a bullish move on Monday. Much likely, bulls may take price action to the immediate horizontal resistance around the 125.500 area in the early part of this week. However, on the medium term basis, the technicals on the weekly time frame are in favour of bears.
I am bearish EURJPY in the medium term; so I will wait out the early price action this week .
I may be wrong. Trade safe and prosper.
EUR/JPY The trading forex pair.
trading Date - Wed Jan 30 2019
the recommendation forex signal - Buy.
the Supports
124.54 - 124.73 - 124.89
the Resistance
125.23 - 125.41 - 125.57
reading news are very important before the trade.