Eur/Jpy

My analysis of Eur/Jpy


Resistance and Supporting Level is,,,,


pivot point is:123.14


Resistance Level is:

R1:123.26
R2:123.35
R3:123.47

Supporting Level is:

S1:123.01
S2:122.90
s3:122.78

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).

pair is:Eur/Jpy

Trend with indicator and Pivot Point ,

Pivot Point is ;122.86

Indicators is :

Moving Average trend is:Bullish
Parabolic Trend is:Bullish

Resistance levels is:

Resistance 1 is:123.43
Resistance 2 is:123.65
Resistance 3 is:123.78

Supporting levels is :

Supporting 1 is :123.08
Supporting 2 is :122.91
Supporting 3 is : 122.62

EURJPY Today Analysis

Market Trend Bullish

Pivot Point 122.88

S1>>>>> 122.30

S2>>>>> 121.95

S3>>>>> 121.45


R1>>>>> 123.20

R2>>>>> 123.75

R3>>>>> 124.10

According to my analysis No change for EURJPY pair as it keeps providing negative closings below 123.50 barrier, noticing the price attempt to form new negative trades by achieving the first target at 122.55, followed by providing positive rebound due to the lack of the negative momentum until this moment.

Therefore, assure the importance of this barrier’s stability to avoid any attempt to change the main trend and wait to gather new negative momentum to ease the mission of reaching the next negative target at 122.00.

The expected trading range for today is between 123.50 and 122.00. The expected trend for today is Bearish

Daily overview for EurJpy
The price is finding the first support at 122.95 and the next support is at 122.70 The price is finding the first resistance at 123.40 and the next resistance is at 123.62. I predict price will be continued flying today. The first target is the level 123.54 After fixing below the first target, then price will go to the level of 123.84 will become the next one. we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.

“--- Trading recommendations for trading : Open Buy ---“

According to the current scenario I would like to recommend you to keep an eye on support and resistance levels of the market and also don’t forget to use the proper money management. Have a great and profitable trading everyday !!

EURJPY Analysis

Expected trend for today: Bullish


Support 122.39

Support 121.96

Support 121.43


Resistance 123.28

Resistance 123.75

Resistance 124.12

Risk Disclaimer: Trading in financial markets and foreign exchange market (Forex) includes the risks and the possibility of loss.

My Analysis
EURJPY
Trend Bullish

PIVOT 122.91

Support

S1 122.34

S2 121.98

S3 121.41

Resistance

R1 123.27

R2 123.84

R3 124.20

Higher risk percentage involved.

Trend is buy

Resistances;

>Resistance 1) 123.32
>Resistance 2) 123.44
>Resistance 3) 123.55

Supporting;

>Support 1) 123.12
>Support 2) 123.01
>Support 3) 122.90

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