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EUR/JPY Targeting the ATR Projection HighHi traders,The EUR/JPY is making a bullish zig-zag which is supported by an ascending trend line. We should see a continuation of uptrend.The JPY weakness might continue today and during this week. The POC zone 126.50-75 is supportive on a positive bullish momentum. We can spot a T-89 pattern along
Today's technical analysis for the pair Eur jpy.
The current price of the pair is 126.26and the pair is showing a bearish movement.
Signal for today:- Buy
EUR/JPY
Resistance and Supporting
Resistance 1 - 127.72
Resistance 2 - 127.86
Resistance 3 - 127.90
Supporting 1 - 127.68
Supporting 2 - 127.54
Supporting 3 - 127.25
eur/jpy Technical analysis
Level of Resistance
1/ Resistance 126.32
2/ Resistance 126.48
3/ Resistance 126.60
Level of Support
1/ Support 126.24
2/ Support 125.96
3/ Support 125.71
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 .
My recommendation about this pair is --Buy
Eur/Jpy
Resistance and Supporting levels is :
Moving Average:Buy
Current price is :126.33
Pivot Point :126.19
Resistance level is
1> Resistance level is:126.48
2> Resistance level is: 126.61
3> Resistance level is: 126.75
Supporting level is
1> Supporting level is: 126.23
2> Supporting level is: 126.09
3> Supporting level is: 125.94
Analysis For Eur/Jpy
Today's Trend is: Bearish
Support levels for the pair is :
Support 1: 126.17
Support 2: 126.03
Support 3: 125.79
Resistence levels for the pair is :
Resistence 1: 126.4
Resistence 2: 126.5
Resistence 3: 126.74
Eur/Jpy
Parabolic is : buy
Moving average:buy
Current price:126.36
Pivot point:126.24
Resistance and Supporting level :
1.Resistance level is : 126.48
2.Resistance level is :126.51
3.Resistance level is : 126.67
1.Supporting level is : 126.27
2.Supporting level is : 126.15
3.Supporting level is :126.04
EUR/JPY 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
EUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including EUR. Investors tend to favor carry trades at times of optimism about global economic performance and stability; they shun them at times of market stress. This makes EUR/JPY sensitive to swings in broad-based market sentiment trends. The pair may likewise find volatility
Pressure returning to the downside with the 106.49 low under threat. Break here will further extend rejection from 111.60 high and target 106.10. Below this expose 105.68 then 105.00 and 104.77 low. Resistance is at 107.75/89 then 108.00/13 area, the latter now seen capping. [P.L]