Spoiler:
The position of the current price is above the 50 EMA on the daily 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:128.00
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The position of the current price is above the 50 EMA on the daily 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:128.00
eur/jpy is continue moving in uptrned but now price 126.10 is try to providing a resistance and stoch and cci is also oversold. if price is break the support level at 125.00 we can short but if it is break the resistance 126.50 we can long
Again catch correction seems steam again begins to renew its underlying trend, the rate found a buyer in an inclined support level (medium-term trend) about it also goes horizontal support 125.67 + - near these levels couple advocated for several hours at a time and does not go below , the south is not even considered, the goal while at least - the current maximum.
It is not good as it behaves eur / jpy, like a pair of zasobiralas leave the deeper southern correction, if the course will be able to overcome the lower zone of the fractal 125.30 will have to completely turn over for sale, but the resumption of the northern script and exit-only above 125.80 will buy more, and in this rapid reversal is not very hard to believe that the more important news is not expected.
EUR/JPY builds up momentum again and jumps to as high as 125.72 so far. The break of upper channel resistance is seen as a sign of acceleration. Intraday bias remains on the upside and current rally should extend to 130 psychological level next. On the downside below 123.86 minor support will turn bias neutral and bring consolidations. But break of 120.70 is needed to indicate short term topping. Or outlook will stay bullish in case of retreat.
In the bigger picture, whole down trend from 169.96 (2008 high) has completed at 94.11 already, on bullish convergence condition in weekly MACD. 123.31 (38.2% retracement of 169.96 to 94.11 at 123.08) is always met. Sustained trading above this level will target 61.8% retracement at 140.98. And, we'll stay bullish as long as 111.43 resistance turned support holds.
euro/jpy is the best crunchy of earning, but jis trah is sa earning hoti hai is trah is pa loss ki sharah b ziyada hoti hai. is liy is main khyal sa trading kar ni chaheya. ta k ap kamny k lalach main kaheain apna lpss na kar bhtain
in the h1 time frame its falling in price is hold at the 124.03 not able to break the support level not it is again move to resistance side. this will be reached to the resistance at 127.00 then again will falling.
buy eur/jpy at the level 125.75 with targets at 127.08 and 127.82, but in case of breaking the level 125.36, then sell below this level with targets at 124.05 and 122.72
That went up to the local maximum of the previous level of resistance and 126.88 until after touching him took a small rebound (some bulls to take profits) but bears until no activity, and the euro resumed its northerly trend that gives a strong chance of breaking the mark with access to a new high (the breakout going to add another purchase because it opens the way to 127.00 figure).