On the 4 hour chart visible formed a converging triangle, and bear it because the upper highs down and down, a couple of running out to support 106.97 and it is likely to be broken (and then selling) - and this may open the way to 105.50.
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On the 4 hour chart visible formed a converging triangle, and bear it because the upper highs down and down, a couple of running out to support 106.97 and it is likely to be broken (and then selling) - and this may open the way to 105.50.
EURJPY getting close to resistance at 108.00. Support per hour can be found at 106.77 and 106.16. An hourly resistance at 107.59. EURJPY has moved above its long-term downtrend, which supports the long-term strengthening further towards the major resistance at 111.60.
Yes indeed a couple of very good support level 106.90 hold, and I think when you stop to try to buy the more full-time and 4 hour chart looks very cool on the top ....
Support: 106.72
Pivot: 107.18
Resistance: 107.63
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 hold
Technical Analysis for EURJPY 80% Buy
The sideways price still play (but this look bulls although with weak bulls). On my see - the nearest bulls target is to touch the resistance (supply) at 107.67. Just it.
107.67 seems to break the resistance was false and it was not supported by the bulls, the bears had taken the initiative and is driven course to the south, while waiting approach to support the 107.00-only on this level, you can try to buy again, the alternative scenario, with the strengthening of below 107.00 will open mid-market.
Does not seem to let up a couple of long-term resistance of 107.80, of course he went to the southern retreat, a little annoying and a sell signal MASD (on the daily chart and the 4-hour and hour too!) RSI-also looks to the downside, the pair now can dramatically play on the south, so I will sell if break through 107.00 figure.
Pair is not fulfilled buy signal provided after the breakthrough of the upper zone of fractals (Resistance 107.59), now rested in the course of moving an alligator who acted as trend lines, but I think they will be breached, and then I opened the market.
In M30 chart, price is below 12 (white) EMA and 72 EMA (blue) indicates the trend is down
21 RSI is below 50 indicates the trend is down
Recommendation: SELL
Take profit: 106.99/106.74
EURJPY support at 106.84 down to protect the clear and strong breakthrough above 107.67. Not just waiting for the continuation of the higher to area108.33 and 108.89 as the next target.
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