Eur/Jpy

EURJPY Trend is sell


1 Resistance :123.24
2 Resistance :122.19
3 Resistance :121.01


1 Supporting :120.13
2 Supporting :119.05
3 Supporting :118.07

Eur jpy

Today trend is: bearish

Support levels for the pair is:
Support1:124.32
Support2:124.17
Support3:123.93

Resistance levels for the pair is:
Resistance1:124.56
Resistance2:124.67
Resistance3:124.91

Pair: Eur/Jpy
Trend: Bullish
Moving Average: Buy

Pivot Point >>> 117.85

Support 1 > 117.82

Support 2 > 117.57

Support 3 > 117.48

Resistance 1 > 117.86

Resistance 2 > 117.95

Resistance 3 > 118.16

Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35.

Economic growth will be the theme in the financial markets this week. Japan and the UK will announce data on economic growth in the second quarter of 2019, which could be a sentiment driving the market.

Japan will announce the preliminary reading of economic growth in the second quarter of 2019 on August 8. Market participants expect the Japanese economy to slow down quite badly. Market consensus gathered by Reuters estimates that the quarterly annualized economy of the Rising Sun Country is 0.4%.

Slower than the quarter I-2019 which is 2.2%. Understandably, Japanese exports have contracted alias dropped for seven consecutive months due to the trade war of the United States (US) -China and a slowdown in the global economy. Japan's trade friction with South Korea made things even more complicated.

Then on August 9 local time, the Office for National Statistics (ONS) will announce the preliminary reading of UK economic growth for the second quarter of 2019. Market consensus from Trading Economics estimates that John Bull's economy grew 1.4% YoY. Slowed slightly compared to the previous quarter by 1.8%.

The slowdown in the UK economy has been seen from the Purchasing Manager's Index (PMI) data. In July, the IHS Markit / CIPS UK manufacturing PMI was at 48, the lowest in the past 6.5 years. "In July, we saw the manufacturing sector 'suffocated' because of the global economic slowdown.

In July, exports of the Bamboo Curtain country were estimated to contract 2.2% YoY, 7.6% YoY imports, and a trade balance surplus of US $ 37.49 billion, citing the consensus of Trading Economics. This data is important because it can determine the direction of US-China trade negotiations.

If China's trade surplus (especially against the US) continues to swell, then the US might become inflamed. US President Donald Trump can be more confident in implementing import duties for the import of products made in China valued at US $ 300 billion starting next September.

The trading rang for today is among the major support @ 116 ad the key of resistance @ 117.80 .
The general over short term basis is to the upside targeting 117.80 as far as area of 118.50 .

Today market analysis and trend sell
Analysis Eur-Jpy
I use scalping strategies on this currency pairs so I
prefer the short time that is the timeframe M15 and M30,
that's position market then also there are some indicators
that I use as the Bollinger Bands is BREAK LOW, ADX
is DOWN TREND 68.81%, Stochastic is BREAK HIGH.
market touch resistence 3rd level and move down
then I strongly encourage you to order SELL

EURJPY Trend is down


1 Resistance level:123.28
2 Resistance level:122.13
3 Resistance level:121.01


1 Supporting level:120.15
2 Supporting level:119.02
3 Supporting level:118.09

Today indicators shown bUllish trend.

eur/jpy
I recommended for trading session from this stage may be looking as up.
But market totaly on risk its dont moving one side its parabolic session moving average.
Totay supporting levels are also tells us for up
trending.
My analyses totaly bases on daily market trend.
When today the market is opened then showing up and supporting levels are also available here its not remain here this pair because h4 telling here down sidre that is up trends.
Small risk gain big apportunity.

Eurjpy

euro / japanese yen

118.097

*

jpy

*

+0.311*(+0.26%)

market open*(oct 01 04:46 utc-4)

117.786

prev

117.786

open

120.376k

volume

117.752*—*118.129

day's range