Eur/Jpy

Pivotal Points: 123.25


Resistance 3: 123.82

Resistance 2: 123.66

Resistance 1: 123.41


Support 1: 123.00

Support 2: 122.84

Support 3: 122.59

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 95.25 and key resistance at 98.60. Based upon my chart analysis, I prefer to buying the pair around 96.90 with targets 97.35 then 98.30 and stoploss is below 96.25

Oscillates EUR / JPY around 101.20 after falling levels today after touching the resistance located at 101.82 levels and content then the SMA 55 and was supported by the decline stochastic

No clear signal now to the direction of the pair to pressure SMA 55 from the top, stochastic gives a positive signal for the rise

Breaking levels 101.03 and closure underneath you will pay the price for the drop to the 100.37 levels either shutdown the highest levels of 100.82 will pay the price for the rise to levels 102.50

That is the case right now as tensions around the trade wars between China and US are increasing. All three setups are pretty similar to each other and the correlation between them is high.

First one is the CHFJPY, which on Monday, broke the crucial long-term support using the bearish gap. The breakout, from the technical point of view, was promoted by the descending triangle pattern.

We might be seeing a drop on EXY as it is testing our first resistance


1 Resistance level is. 123.16
2 Resistance level is. 123.27
3 Resistance level is. 123.38

1 Supporting level is. 122.93
2 Supporting level is. 122.77
3 Supporting level is. 122.61

My Technical Analysis

Currency Pair => Eur/jpy
Hour 4 Signals => Strong Sell

Support & Resistance levels:

Support Level 1 => 122.90

Support Level 2 => 122.83

Support Level 3 => 122.73

Resistance Level 1 => 122.98

Resistance Level 2 => 123.17

Resistance Level 3 => 123.33

NOTE: "This is my Own Analysis, You Should Always Trade with Low Risk".

EURJPY tried testing demand in the 132.15 price range. If EURJPY could break down this area, the possibility of EJ could go down even further to the next level demand at 131.5 price range. While if EJ failed to break down 132.15 area, minor uptrend likely to retrace to 132.7 level

At 110.86, around this week’s high, is the 61.8% retracement of that major move. And on the underside of price action, 109.67 lurks as the 50% marker of that major move, last in play in late-March when it helped to set the low.

The 77.45/55 area comprising a horizontal-line connecting low since mid-January and a descending trend-line since April 18 seem tough resistance on the upside, a break of which can recall 78.20 and 100-day simple moving average (SMA) around 78.65.

Meanwhile, 76.00 can offer nearby support ahead of 75.30 that can further drive the prices down towards 74.50 and June 2016 bottom near 72.40.

Oscillates EUR / JPY around 101.20 after falling levels today after touching the resistance located at 101.82 levels and content then the SMA 55 and was supported by the decline stochastic

No clear signal now to the direction of the pair to pressure SMA 55 from the top, stochastic gives a positive signal for the rise

Breaking levels 101.03 and closure underneath you will pay the price for the drop to the 100.37 levels either shutdown the highest levels of 100.82 will pay the price for the rise to levels 102.50