EUR/JPY is possibly regaining medium term downside momentum too. Break of 105.42 will target 61.8% projection of 139.21 to 105.42 from 123.31 at 102.42 first
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EUR/JPY is possibly regaining medium term downside momentum too. Break of 105.42 will target 61.8% projection of 139.21 to 105.42 from 123.31 at 102.42 first
the pair and as we can from the chart has stated it's trading week above the level of 110.00 and that's mean that the up trend is expected and the pair might head to 111.00 and then 112.00 how even if the pair make any howrly correction
If a M15 close above 112.00 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 110.50 sell only and do not buy. If price closes back above it again do nothing
The range 112.00 and 110.50 is neutral area, any trade done in between is personal decision and not part of this analysis
medium-term higher low by 108.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a break back below 108.00 concerns.
Due to the fear of intervention EUR/JPY only fall back slightly from this level. We recommend buying EUR/JPY in the range 108.80-109.10.
the pair and as we can see from the chart is trading under level 111.00 , so , that's mean the down trend is still standing and the pair might head to 110.00 and then 109.70 how ever the pair made any hourly correction
EUR/JPY
short term
Buy :110.24
SL : 109.94
TP : 110.64
Prediction is only as 3th opinion. Control your money with good management. Do not be greedy for the pursuit of profit. Good profit is always
EUR / JPY intraday: the upward movement will prevail.
Fulcrum (devaluation level): 110.25
We prefer: buy positions at 110.22 with 110.45 and 111 on price targets.
Alternative scenario: below 110.14, we expect further downward movements with 109.6 & 108.5 as price targets.
Technical Analysis Comment: the RSI is supported by an increasing trend line.
the pair and as we can see from the chart has closed it's daily candle above the level of 110.00 , so , that's mean the up trend is still standing and the pair is heading to 110.70 then 111.00
If a M15 close above 111.50 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 109.50 sell only and do not buy. If price closes back above it again do nothing
The range 111.50 and 109.50 is neutral area, any trade done in between is personal decision and not part of this analysis
The EURJPY was volatile but indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term and there are no changes in my technical outlook. Key intraday resistance remains around 111.04.