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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).
EURJPY reversed off its resistance at 125.47 (61.8% & 100% Fibonacci extension , 78.6% Fibonacci retracement , horizontal swing high resistance) where it could drop further to its support at 124.67 (50% Fibonacci retracement , horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 98% where a corresponding drop could occur.
EURJPY currently in a ascending triangle .
I'm currently anticipating for a break out to either the upside or the downside targeting 125.800 price level on the upside or 124.650 level on the downside.
At the moment, indicators are pretty neutral so we'll have to rely only on price action.
However, I'm leaning more towards a break out to the downside as price had been rejecting this price level multiple times on the daily time frame.
commercial banks holdings off foreign currency reserves rose by a quarter in the 12 months to august 2018 as forex inflows increased.
Recently eur/jpy rate is 124.8300
In my observation today the best sell point will be 124.8201
and today the most profitable buy point will be 124.8425
You will earn more money if you will follow my views
because i have posted this after checking the market carefully
all the best
EUR/JPY ki markeet ka rokh sell ki tarf bana hova he and mujhy lagta he ye markeet down ki tarf movement kry gi is markeet k down hony k chans kafi ziyadha hen order ye markeet point 124.512 ko cross kry gi so apko sell ki trade laga deni chahiy i hope Meri Ray se apko profit hasil ho ga thanks you current rate is 124.635
Recently eur/jpy rate is 124.8010
in my observation today the best sell point will be 124.8000
and today the profitable buying point will be 124.8125
you will earn more money if you will follow my views because
i have posted this after checking the market carefully
all the best
eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only
Eur/Jpy
Trend is : buy
Resistance and supporting level of this pair is :
Resistance level of this pair is:
1# Resistance is: 125.30
2# Resistance is: 125.42
3# Resistance is: 125.55
Supporting level of this pair is :
1# Supporting is: 125.03
2# Supporting is: 124.91
3# Supporting is: 124.80
Recently eur/jpy rate is 124.7180
In my observation today the best sell point will be 124.7003
and today the profitable buying point will be 124.7258
i hope you will follow my views because i have posted this after checking the
routine of the chart clearly
all the best