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this pair has being bullish trends last some hours.
eur/jpy
movement of this pair today on: BUY
most profitable high resistance of this pair today is:121.00
most profitable buying point is :119.14
most profitable selling point is : 121.00
these my personal analysis on market movements.
EURJPY Trend is sell
1 Resistance :119.73
2 Resistance :118.61
3 Resistance :118.02
1 Supporting :117.54
2 Supporting :116.85
3 Supporting :116.29
Like I said in previous post Eur/Jpy wasn't able to break the bearish trend line and hence it dropped. Today H4,Daily and Weekly time frame shows that there is a strong bearish movement which will continue even in next week. Hope for a good start on Monday.
Time Frame - 4 Hour
Currency pair - EUR/JPY
Buy @ - 120.99
Stop Loss - 120.69
Take Profit - 121.31
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 121.02
This currency name - EUR/JPY
Resistance and Target - 121.14
Support and Stop Loss - 120.90
Always follow Long time frame market trend.
Signal is Sell.
The pair continues to rise and is now no reason to talk about the turn indicators also show the possible continuation of growth
The pair demonstrated a clear retreat from the northern horizontal support 131.42, and the pair could now overcome and upper bounds converging triangle and a sliding-200 medium-trend, it seems the bulls once again set their sights on a monthly maximum of 134.70
Standard pivots
R3 135.372
R2 134.686
R1 134.268
PIVOT 133.582
S1 133.164
S2 132.478
S3 132.060
EURJPY Trend is BUY
1 Resistance : 121.07
2 Resistance : 121.18
3 Resistance : 121.37
1 Supporting : 120.69
2 Supporting : 120.58
3 Supporting : 120.30
Any pullbacks below 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011. Look for a fresh medium-term higher low by 108.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a break back below 108.00 concerns.
The EURJPY without any news
No news for the EURJPY pair, due to its repeated fluctuation between the intraday sideways range that is represented by 121.27 barrier, while the initial support at 120.05, therefore, we will stay aside to avoid any losses that might be caused by the continuation of the current mixed fluctuation, to wait for surpassing one of the main levels.
By the above image, we notice the attempt of reinforcing the bullish fluctuation of the main indicators by the stability of the moving average near the initial support besides stochastic rally above 50 level, which increases the chances for breaching the current barrier, which makes the price moves to the bullish track, to ease the mission of reaching to 121.80 and 122.62 level in the upcoming period.
The expected trading range for today is between 121.27 and 120.05
The expected trend for today: Neutral
Forex Forecast with price level
EUR/JPY - pair in focus.
Current Price - 121.06
main support level - 120.91
main resistance level - 121.20
Pair likely to be in Sell today.