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Intraday trade:
If a M15 close above 110.72 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 110.37 sell only and do not buy. If price closes back above it again do nothing
The range 110.72 and 110.37 is neutral area, any trade done in between is personal decision and not part of this analysis
we can notice from the chart that the pair has closed it's daily candle under 103.00 , that's mean the down trend is expected and the pair might head to 102.50 then 102.20 , however the pair made a hourly correction
eurjpy 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
Pivotal Points: 124.56
Resistance 3: 125.96
Resistance 2: 125.58
Resistance 1: 124.94
Support 1: 123.92
Support 2: 123.54
Support 3: 122.90
my analysis of the trading pair : Eur/Jpy
So Resistance and Supporting Level is,,,,
pivot point is:124.36
Resistance Level is:
R1:124.50
R2:124.66
R3:124.78
Supporting Level is:
S1:124.20
S2:124.05
s3:123.97
Over All Trend Is :sell
in my opinion it will have medium term high around 125 around this week or next but any setback to below 110 will halt the process or even set the trend to bearish again, daily support will be on 111ish and the resistance 113ish
EUR Jpy
It is recommended movement of markets is bearish
Count rate is. ..124.46
Resistance
1> Resistance 124.55
2> Resistance 124.75
3> Resistance 124.82
Support level
1> Support 124.25
2> Support 124.12
3> Support 123.90
today EUR/JPY Price support
Resistance 1 125.11
Resistance 2 125.32
Resistance 3 125.56
Support 1 124.85
Support 2 124.70
Support 3 124.54
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
Eur/Jpy
Over all Trend is:Buy
Current price is :124.74
Resistance level is:
1# Resistance is: 124.97
2# Resistance is: 125.13
3# Resistance is: 125.29
Supporting level is :
1# Supporting is: 124.60
2# Supporting is:124.47
3# Supporting is: 124.35