Eur/Jpy

Analysis For EURJPY
I am Taking it Long

S. One 123.14

S. Two 123.03

S. Three 122.88

And

R. One 123.30

R. Two 123.45

R. Three 123.57

Always make good decision with proper money Management.

The intraday EUR / JPY bias remains neutral to consolidate above a temporary low of 122.48. In the event of a stronger recovery, the growth potential should be limited to the resistance zone 124.09 / 125.29 to resume the fall. The current development suggests that the rebound from 118.62 has already ended at the level of 127.50. On the other hand, a break of 122.48 will lead to a retest of a minimum of 118.62.

"Hello dear (indian-forex) members of this great community, :) Today I want to share with you my intraday analysis of EUR/JPY. :)))

EUR/JPY is Strong Sell according to four-hour chart. RSI(14)'s value is (38.958), STOCH(9,6)'s value is (45.364) and STOCHRSI(14)'s value is (0).

Let's have a look at today's Support and Resistance levels:

Pivot Point: 123.23
Support 1: 123.06
Support 2: 122.91
Support 3: 122.74
Resistance 1: 123.38
Resistance 2: 123.55
Resistance 3: 123.7

According to the current scenario I would like to recommend you to keep an eye on the pivot point and take your trade according to the support and resistance levels of the market and also don’t forget to use the proper money management. Have a great and profitable day ahead! :happy: :peace:"

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

Eur jpy is going up and we can have a buy trade on this pair

Support and resistance levels:-

S3 122.53
S2 122.69
S1 122.77

R1 122.92
R2 122.99
R3 123.14

Couple today demonstrated a strong fall, a few hours before the course again broke through the level of short-term 101.05 (figure), and strengthened its position below the 200 moving average, I'm still waiting for compensation for the sale.

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

Eur/Jpy Today's Technical Analysis:

The market of this pair is strong bearish. JPY is stronger than EUR. That's why, we can place SELL order from current price 122.88 for Hour Four time period.

The Support and Resistance Levels for this pair are:
Support 1: 122.81
Support 2: 122.74
Support 3: 122.68

Resistance 1: 122.89
Resistance 2: 122.96
Resistance 3: 123.17

Must follow Money and Risk management.

Eur jpy is in bullish trend.
We can buy the pair.
Set your take profit of 20 pips.
Happy trading.

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