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Trend EURJPY par mai selling mai hun aur apky leye suggest krnga k ap further study kary trend ko aur phir trade kary.
Support and resistance level :
| Resistance 1: 125.41
| Resistance 2: 125.62
| Resistance 3: 125.78
| Support 1: 124.95
| Support 2: 124.74
| Support 3: 124.61
Aur hamisha low risk low lot size k sath trading kary.
according to EURJPY technical analysis , I predict this pair have BULLISH TREND.
the price is break Resistance and Trend Line and it is Flying Up side with having the Long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels
I suggest to take LONG position at -- 122.62
target take profit at -- 123.10
target stop loss at -- 122.25
time frame that is considered while making support and resistance levels – Daily and Weekly time frame,
consider the daily economic news before taking the trade.
money management is very effective for getting profits with stop loss and take profits method with current trading position.
eur/jpy is buy
1 Resistance 122.92
2 Resistance 123.04
3 Resistance 123.16
1 Support 122.75
2 Support 122.63
3 Support 122.54
Pivot Point 123.06
1 Resistance 123.41
2 Resistance 123.71
3 Resistance 124.07
1 Support 122.76
2 Support 122.41
3 Support 122.11
Eur/jpy technical analysis for 10.10.2012 by using : Auto pivot indicator.
resistance 3:102.90
resistance 2:102.39
resistance 1:101.61
pivot point :101.10
support 1:100.32
support 2:99.81
support 3:99.03
EUR/JPY has managed to break above the key handle at 123.00 the figure at the beginning of the week on the back of increasing selling bias in the Japanese safe haven.
The cross tested June peaks in the 123.20 area during early trade, although it lost upside momentum soon after wards, returning to sub-123.00 levels.
The continuation of the upside momentum largely hinges on the flows around the Japanese currency and should meet the next relevant target at 123.75, high May 21.
Daily Pivot Point S1 122.36
Daily Pivot Point S2 122.06
Daily Pivot Point S3 121.85
Daily Pivot Point R1 122.88
Daily Pivot Point R2 123.09
Daily Pivot Point R3 123.39
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
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
this is my analysis for EURJPY
hopefully it will be good & understandable and help you to earn good profit in trading.
Simple Moving Average chart for this pair seen as an indicator as smoothly up movement, so it is possible the breakout of this resistance level and the pair will continue to go up to the next higher level.
in my personal view this pair will be continue bullish trend, for intraday trading today
you can take entry BUY Order at the level 122.72 , stop loss at the level 123.14 and target take profit at the level 122.37
if market movement as my scenario, you can earn good profit and avoid much loss in your trading keep trade with discipline and patience . remember..always trade in the direction of the current trend, because trend always your friend.
SUPPORT AUR RESISTANCE LEVEL AAJ KAY LIYE
Pivot Point : 123.06
Supporting Levels Yen Hein
Support 1: 122.76
Support 2: 122.41
Support 3: 122.11
TREND: BULLISH
Resistance Levels Yeh Hein.
Resistance 1: 123.41
Resistance 2: 123.71
Resistance 3: 124.08
Apney Khud Kay Risk Per Trading Karen
Attachment 18171