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EUR/JPY continues to move on 105 after have reached the fibonacci retracement 23.60% as resistance at 105.80.
Indicators are globaly bearish.
We maintain to trade only short positions as far as 106 is resistance.
The breakout of 104 will give a new sell signal and open the way towards 103.
In case of return above 106, we will wait the breakout of 108 to advise long positions.
EUR/JPY
My Resistance and Supporting level of this pair is,
My Resistance level of this pair is,,
Resistance 1: 125.00
Resistance 2: 125.25
Resistance 3: 125.50
My supporting level of this pair is ,,
Supporting 1:124.65
Supporting 2: 124.50
Supporting 3: 124.35
EURJPY par mai selling mai hun aur apky leye suggest krnga k ap further study kary trend ko aur phir trade kary.
Support and resistance level :
| Resistance 1: 124.95
| Resistance 2: 125.09
| Resistance 3: 125.23
| Support 1: 124.27
| Support 2: 124.11
| Support 3: 124.01
Technical trend of Eur/Jpy is buy trend
Pivot Point is : 124.82
strong supporting level
1> resistance:125.13
2> resistance:125.36
3> resistance:125.57
strong resistance level
1>support :124.62
2>support : 124.51
3>support :124.37
EUR / JPY remains in consolidation above a temporary low of 124.09, and the intraday bias remains neutral in the first place. The current development suggests a correction pattern from 127.50, continuing with a fall from 126.79 as the third stage. The recovery potential from 124.09 should be limited by resistance 125.28 to cause another fall. On the other hand, below 124.09 there will be a target of support 123.65. However, a breakthrough of 125.28 will return an upward bias for resistance 126.79.
pivot point; 124.78
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is: 125.17
2> Resistance level is: 125.43
3> Resistance level is: 125.83
Supporting level is
1> Supporting level is: 124.52
2> Supporting level is: 124.13
3> Supporting level is: 123.87
i see in this chart that the candle is going to uptrend in one hour frame so if you buy now at this price ( 107.220 ) make for you two targets you will be able to get them your first target at (10 pipe) and the second at (the next 15 pipe) and make your stop loos at (100 pipe not more) good luck in this analysis and i hope the profit for all members
by taking a look on the chart which showing that the pair has closed it's weekly candle under the level of 106.00 , and that's mean that the down trend is still standing and the pair might reach the level of 105.00 this night and maybe before starting of the europe session .
Eurjpy
s3: 123.82
s2: 124.34
s1: 124.65
p: 124.87
r1: 125.17
r2: 125.4
r3: 125.93
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