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I bought EUR/JPY for the medium term - at least several days unless I get contradictory signals.
Reasons:
Bullish price action patterns on the daily chart. First a pin bar then a bullish engulfing bar
Price is crossing a small but still important pivot zone, the 115.00 area
The support on the daily chart at 113.50 is the bounce place. Multiple bottoms in this area = strong rejection.
target at least 116.50 or more; stop loss at 113.50. Again, this is a medium term trade
I bought EUR/JPY for the medium term - at least several days unless I get contradictory signals.
Reasons:
Bullish price action patterns on the daily chart. First a pin bar then a bullish engulfing bar
Price is crossing a small but still important pivot zone, the 115.00 area
The support on the daily chart at 113.50 is the bounce place. Multiple bottoms in this area = strong rejection.
target at least 116.50 or more; stop loss at 113.50. Again, this is a medium term trade
Analysis Support and Resistance
Support 1:125.62
Support 2:125.19
Support 3:124.70
Resistance 1:126.54
Resistance 2:127.03
Resistance 3:127.46
technical analysis of Eur/jpy
Connors RSI:sell
Current Price is ; 124.22
Pivot Point is:124.75
Resistance Price is :
1. Resistance Level:124.37
2. Resistance Level:124.49
3. Resistance Level: 124.60
Supporting price is :
1. Supporting Level: 124.10
2. Supporting Level: 123.98
3. Supporting Level: 123.87
Support and Resistance Levels for Today
Support 1:126.22
Support 2:126.06
Support 3:125.78
Pivot Point is:126.50
Resistance 1:126.66
Resistance 2:126.94
Resistance 3:127.10
Use Money Management and Risk Vs Reward Management in order to get good Profit in Forex trading Business.
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.
Pair is Eur /Jpy
Todays my technical analysis of EUR /jpy
Pivot points is =126.55
Resistance and Supporting level is.
1 Supporting level is =126.20
2 SUPPORTING LEVEL IS =126.05
3 SUPPORTING LEVEL IS =125.72
And
1 RESISTANCE LEVEL IS =126.65
2 RESISTANCE level is =126.90
3 RESISTANCE level is =127.11
Its my opinion that day.
You trade lo risk.
Best of luck.
Work work and work.
on currency pairs EURJPY I have predicted that there is a signal SELL in the time frame H1
because I was referring to the indicator fibbonaci and pivot indicator to see support and resistance at R3=134.18, R2=133.7, R1=133.08, Pivots=132.60, S1=131.98, S2=131.5, S3=130.88
so I suggest to perform the requisite order SELL to
Take Profit 131.7 and Stop Loss 132.3
a target is likely to move by 50 pips
EURJPY
Downside risks have continued to dominate the single European currency against the Japanese Yen since yesterday's trading session. The currency pair has revealed a new junior descending channel pattern.
Today's trading session began with strong bearish momentum, and by the middle of the day, the exchange rate has lost about 1.11% in value.
The currency exchange rate is currently testing a support cluster formed by the weekly and the monthly PPs at 124.98.
If the support cluster is unable to hold, a breakout through the lower boundary of the descending channel pattern is likely to occur within this session.
my techincal analysis of this pair is
Resistance Price is :
1. Resistance Level:124.31
2. Resistance Level:124.42
3. Resistance Level: 124.61
Supporting price is :
1. Supporting Level: 124.17
2. Supporting Level: 123.97
3. Supporting Level: 123.83