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If EUR/JPY continues its advance into higher levels, it may encounter resistance at 117.80 (May 31 high), 118.50 (April 26 low) and 119.20 (May 3 low). To the downside, support levels lie at 117.16 (May 20 high), 116.90 (May 11 high), and 116.37 (May 26 high).
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 breakdown of the resistance level and this pair will continue to go down to the next lower level .
in my personal view this pair will be continue bullish trend, for intraday trading today
you can take entry SELL Order at the level 120.41, stop loss at the level 119.99, and target take profit at the level 120.74
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.
dear all member of Indian Forum, today I will discuss about EURJPY
my predict price will falling. if you choose SELL position, then put a take profit at 119.99 and stop loss at 120.74
I see the daily chart that indicate complete downtrend of this pair.
Exponential Moving Average (5) 0.71003 : DOWN
Simple Moving Average (5) 0.71032 : DOWN
Exponential Moving Average (10) 0.70951 : DOWN
Simple Moving Average (10) 0.70939 : DOWN
Exponential Moving Average (20) 0.70962 DOWN
Please avoid using big lot for your trade because this business is very dangerous.
anything can happened in forex market. good luck to your trading my friend
I hope you can make consistent profit everyday.
The pair eur/jpy
Technical analysis of today is bearish
Pivot Point. 120.75
Current Price.120.47
Resistance levels are;
R1. 120.50
R2. 120.70
R3. 120.80
Supporting levels are;
S1. 120.20
S2. 120.00
S3. 119.90
EUR JPY Today market trend: Sell
Today's price and current price is giving a straight signel that market will go down in business..
Resistance and Support points are also giving a singnel that market will go down thats why we should put our trade on sell....
Eur/Jpy
Resistance level
Resistance level 1:121.94
Resistance level 2:122.12
Resistance level 3:122.20
Supporting level
Supporting level 1:121.79
Supporting level 2:121.68
Supporting level 3:121.43
Pivot Point 120.76
1 Resistance 120.75
2 Resistance 120.80
3 Resistance 120.86
1 Support 120.63
2 Support 120.56
3 Support 120.50
Eur/Jpy
Today Market analysis and trend:sell
Indicators bhi market ke down hony ka bata rahe hain
Resistance and Support points bhi hamain market ke down hony ka ishara de rahe hain isliye hamain sell main trade lagani chahiye
Today Market technical Analysis
Paraboloc SAR : SELL
4hour time frame also telling the condtional exprations.
Indicator shows market going down and technical Analysis same thing.
All technical and fandamantal follow the SELLYing trends..
Note:Always Follow the making experienced with others.
Forex Forecast with price level
EUR/JPY - pair in focus.
Current Price - 120.43
main support level - 119.85
main resistance level - 121.07
Pair likely to be in Sell today.