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European leadership Meet In Brusell, EUR / JPY eyeing 106.6 and 107.3
Looks euro extended gains in the London session after German sentiment data suggests continued momentum of economic growth in the euro-zone's largest.
Where the German business sentiment index rose to 101.4 for the month of November is higher than the predicted 99.6 and previous publications 100.00
Meanwhile, European leaders are beginning the second day meeting in Brussels to get a consensus related budgeting for 7 years.
Versus the Japanese Yen, EUR / JPY did upside and seems akanmenguat to area 106.6 and 107.3
Meanwhile, if the price is below the price expected price 105.6 104.95 area and the downside to 104.5
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Support: 105.27
Pivot: 106.53
Resistance: 107.78
trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel buy
20 day MA VS Price buy
20-50 Day MACD oscillator buy
20 Day Bollinger Bands buy
Technical Analysis for EURJPY 100% Buy
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i think know eur/jpy is know stop at 108.00 what you guys think?
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The main purpose of the bulls will think of resistance in the 107.90-108 figure on the way to it there are no technical barriers, especially since the closing weekly candle was held right outside the high, well worth notice and start working out the divergence MASD (weekly chart).
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weekly analysis-
this pair is having continue up trend but now it is over sold in the stoch indicator.
i think this pair is not able to cross 107.51 price level.
we can see down side movement after tocuhing the 107.00 level because it need a retracement for making fruther up movement. if this level 107.51 is crossed then this will hit the 111.35 price level
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Scenario for today
Elliott: impulse wave up 107.65
It should try higher up to 106.96 - 107.38. Entry point 106.55 or 106.33. After this rise, a correction is expected.
Warning: Engulfing pattern
Technical points
Key point 107.5400
Entry point 106.6300
Elliott 105.7200
Closing 106.9400
Projection 107.6500
Trendline 106.2500
Trendline 106.2500
Supports / Resistances
Res 2 107.8100
Ex-High 106.9800
Res 1 107.3800
Pivot 106.5500
Sup 1 106.1200
Ex-Low 105.7200
Sup 2 105.2900
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It is the analysis of price movement and not a buy or sell signal. Be thoughtful in making decisions. Hopefully profit today ... :)))
For EJ opened today under UP and for the price is still above 106.34 then EJ will likely test the value of 107.32 or even 107.54
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I think Forex is a good business.today eur/jpy will moving up after 107.94. and it will go up to 109.35
i am giving a buy order now. current price107.94
you may take profit minimum 30 pips and stop loss also 40 pips.Have a nice day.Thank you.........................................
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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).I bought EUR/JPY for the medium term - at least several days unless I get contradictory signals.
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As I look on H4 time frame, I think the up trend still strong on EURJPY and I don't see a significant reversal signal yet. So, I think EURJPY still has a possibility to continue going up today. EURJPY may touches the resistance level at 107.27 or even higher if EURJPY also can break 107.27 resistance level.
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