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Based on the daily chart of the EUR/JPY currency pair, the euro/yen withdrawn from the descending trading channel. While the H4 chart shows that the pair traded in the uptrend trading channel on Wednesday but when the price exceeded its boundary, the lower limit was broken and the price resume to decline and would likely renew its lows in the previous month.
EUR/JPY TREND IS BUY
Resistance and Supporting
Resistance 1 - 122.90
Resistance 2 - 123.05
Resistance 3 - 123.16
Supporting 1 - 122.63
Supporting 2 - 122.52
Supporting 3 - 122.37
pair is:Eur/Jpy
Trend with indicator and Pivot Point ,
Pivot Point is ;122.91
Indicators is :
Moving Average trend is:bearish
Parabolic Trend is:bearish
Resistance levels is:
1>Resistance is:122.87
2>Resistance is:123.12
3>Resistance is:123.26
Supporting levels is :
1>Supporting is :122.57
2>Supporting is :122.41
3>Supporting is : 122.14
EURJPY
Market Analysis BEARISH
Pivot Point 122.91
S 1 122.44
S 2 122.09
S 3 121.62
R 1 123.26
R 2 123.73
R 3 124.08
My Analysis
EURJPY
Market Trend
Bullish Expected
PIVOT 122.95
S 1 122.48
S 2 122.11
S 3 121.64
R 1 123.32
R 2 123.79
R 3 124.16
EURJPY Analysis For
Today
I am long on this Pair
Today.
Support and resistance
S. 1 ) 122.52
S. 2) 122.35
S. 3) 122.18
And
R. 1) 123.13
R. 2) 123.30
R. 3) 123.44
EURJPY is approaching our first support at 122.52 (100% & 61.8% Fibonacci extension, horizontal swing low support ) where it could potentially bounce to its resistance 123.59 (38.2% & 23.6% Fibonacci retracement
1 Resistance is:122.88
2 Resistance is:122.97
3 Resistance is:123.10
1 Supporting is:122.62
2 Supporting is:122.48
3 Supporting is:122.37
EURJPY Analysis
Expected trend for today: Bullish
Support 122.91
Support 121.64
Support 121.36
Resistance 123.83
Resistance 123.52
Resistance 124.21
Risk Disclaimer: Trading in financial markets and foreign exchange market (Forex) includes the risks and the possibility of loss.
EURJPY analysis
SUPPORT LEVEL AND RESISTANT LEVEL
S3: 122.36
S2: 122.55
S1: 122.63
PP: 122.74
R1: 122.82
R2: 122.93
R3: 123.12
EurJpy technical analysis by using : Auto pivot indicator.
Parabolic SAR indicator there a dot below the candles that indicates a downward direction in addition to that we can see a SELL signal on the MACD indicator that is moving below the level 0 beside that the CCI line is located at the lower level to perform a upward signal on the chart of the this pair there is a main down trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 and if other indicators confirm a bearish direction then I will go for “SELL” positions.
resistance level 1 : 123.62
resistance level 2 : 123.25
resistance level 3 : 122.91
pivot point : 122.54
support level 1 : 122.20
support level 2 : 121.83
support level 3 : 121.49