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On the other side of the matter, for those looking at continued risk aversion, the short-side of AUD/JPY could be of interest; looking for the downward movement to continue after yesterday’s RBA-fueled gap-fill in the pair. I had laid the groundwork for this setup in the Aussie technical forecast two weeks ago, and with the support zone around 77.50 being taken-out, the door can remain open for a run-down to the 75.00 area on the chart.
My analysis
EURJPY
trend Bearish
Pivot Point 123.39
Support 1 123.17
Support 2 122.79
Support 3 122.57
Resistance 1 123.77
Resistance 2 123.99
Resistance 3 124.37
EUR/JPY at timeframe H1
is Bollinger Bands = TREND DOWN, Elliot Wave = TREND DOWN, RSI = TREND DOWN, CCI = TREND DOWN, ADX = TREND DOWN, MACD = TREND DOWN, Parabolic SAR = TREND DOWN, Stochastic = TREND DOWN, William Percent = TREND DOWN, Aaron = TREND DOWN
so the conclusion to the current signal TREND DOWN
EURJPY ANALYSIS
Expected trend for today: Bullish
Support 123.94
Support 123.56
Support 122.92
Resistance 124.96
Resistance 125.60
Resistance 125.98
Risk Disclaimer: Trading in financial markets and foreign exchange market (Forex) includes the risks and the possibility of loss.
If EUR/JPY continues its advance into higher levels, it may encounter resistance at 117.80 (May 31 high), 118.50 (April 26 low) and 119.20 (May 3 low). To the downside, support levels lie at 117.16 (May 20 high), 116.90 (May 11 high), and 116.37 (May 26 high).
once in the prediction of several indicators for the technical analysis of currency pairs EURJPY on the market today at 123.60 the resistent level , then I recommend you to do the open position SELL with some criteria such as the following. You put a take profit positions at 122.75 You put a stop loss positions at 123.59. that's indicator Bollinger Bands is trend down and signal Parabollic Sar is BEARISH TREND
The following resistance and supporting level of this pairs is as below :
The First Resistance -- 123.60
Second Resistance -- 123.72
Third Resistance -- 123.85
The First Support -- 122.90
Second Support -- 122.77
Third Support -- 122.65
my analysis unable to control the forex market movement. you can follow my signal , but you should put stoploss to limit the risk. please .. share your analysis, so we can discuss in this forum to maximize our profit
EUR/JPY continues its advance into higher levels, it may encounter resistance at 117.80 (May 31 high), 118.50 (April 26 low) and 119.20 (May 3 low). To the downside, support levels lie at 117.16 (May 20 high), 116.90 (May 11 high), and 116.37 (May 26 high).
Have in mind that any Brexit headline can spike up or spike down the price as the headline risk is still big. Due to NFP this week, markets are slower and mostly kept within the range so using profit stop is advised.
Currency Pair is: Eur/jpy
Hour 4 Signals are; Buy
Support and resistance Levels:
Support 1===== 123.20
Support 2===== 123.03
Support 3===== 122.86
Resistance 1===== 123.38
Resistance 2===== 123.47
Resistance 3===== 123.55
once in the prediction of several indicators for the technical analysis of currency pairs EURJPY on the market today at 123.60 the resistent level , then I recommend you to do the open position SELL with some criteria such as the following. You put a take profit positions at 122.75 You put a stop loss positions at 123.59. that's indicator Bollinger Bands is trend down and signal Parabollic Sar is BEARISH TREND
The following resistance and supporting level of this pairs is as below :
The First Resistance -- 123.60
Second Resistance -- 123.72
Third Resistance -- 123.85
The First Support -- 122.90
Second Support -- 122.77
Third Support -- 122.65
my analysis unable to control the forex market movement. you can follow my signal , but you should put stoploss to limit the risk. please .. share your analysis, so we can discuss in this forum to maximize our profit