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EURJPY has been rejected by the resistance level at 120.27. So, I think EURJPY will make a correction movement now and may touches the support level at 119.48 or even lower. But be careful, if EURJPY can rise and break the yesterday's high, this pair will go up to the next resistance level at 120.96.
Eur / jpy जोड़ी सीधे ऊपर गुरुवार को सत्र के दौरान फिर से बुधवार से टूट गया था हथौड़ा के रूप में गोली मार दी और हम 120 संभालने में स्लैम प्रतिरोध खोजने के लिए वहाँ के रूप में हम उम्मीद में कामयाब रहे. बहरहाल, हम एक ताजा नए उच्च बनाने के लिए किया था और यह प्रतीत होता है कि हम उच्च जा रहा जारी रखने के लिए जा रहे हैं.
Spoiler:
The position of the current price is above the 50 EMA on the hourly chart, momentum is bullish
The position of the current MACD cross the line above the area 0, the momentum is bullish
Trend today: bullish
Target today: 122.00
Analysis of the euro-yen pair I think that now completes the ascent phase and I expect possible fall to the levels of 118.00 and then continue to climb, to the extent of 121.50 in the case of possible riddled connects to 122.80 and rebound
eur/jpy technical analysis by using : adx
adx : 46.5203
+di : 19.9866
-di : 10.6920
timeframe : 1 hour
time : 1000
http://i47.tinypic.com/bdk5jn.gif
The pair continued to move upside and stable above the Linear Regression Indicator most of the time. The stochastic shows positive cross which indicates that the pair has more potential to move upside. According to my chart analysis, I prefer to buying the pair above 120.35 with targets 121.00, 121.50 then 122.15 and stoploss with four hour candle closing below 119.25.
Euro-yen pair is trading passively in the Asian session and the pair was yesterday arrived to the 120.60 resistance level and could not overcome the resistance and indicators give us overbought and stay in neutral until break of 119.43 more downside towards the 117.55 level
Support 117.55
*Resistance 122.00
Still waiting for the northern growth, the pair made a new high for the month after broke the 119.88 resistance, now, this level acted as support, the course more than once again wanted to break through, but over all this false breakdown below 119.70 rate is not allowed, and I think he become the starting point for the resumption of the main northern wave.
\\\\Personally, I'm still more inclined to the south still developing the script (at least in the medium term), because after a course broke the 120.00 resistance he hardly worked northern buy signal, and the pair broke through again this mark 120.00 and now goes to the blue slip alligator with its breakthrough selling more.\\\\
sell eur/jpy at the level 120.38 with targets at 118.24 and 116.50, but in case of breaking the level 121.18, then buy at this level with targets at 122.17 and 123.86