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weakening of the euro led to a strong reversal occurs at night yesterday, and for the prediction of the movement for the currency pair EURJPY, I think you can follow the signal from the time frame M15, where prices have been on a selling zone, selalin it narrowed Bollinger bands show the state that I'm sure there will be a strong movement, you can memasangmeletakkan buy stop at 128.24 and sell stop price at a price of 127.89 possibility of such order may be touched and get a lot of profit
Eur/jpy pivot levels by using fibonacci pivot indicator.
r3: 130.90
r2: 129.97
r1: 129.39
pivot : 128.47
s1: 127.54
s2: 126.96
s3: 126.03
I think, The EUR/JPY rate is comprised of the Euro as the 'base' currency, and the Japanese yen as the 'counter' or 'quote' currency.The EUR/JPY exchange rate is actually a comparison of the value of one currency in relation to the other. For example, the quotation EUR/JPY 130 means that one Euro is exchanged for 130 Japanese yen. If the forex rate increased to 140, this would reflect a strengthening Euro as compared with the Japanese yen. You would buy, if you expected that the Euro would continue to strengthen against the Japanese yen.
look at market movements pair EURJPY in timeframe H4 apparently rebounded from resistant 129 879 yesterday. see the current move is likely to be sideways in the channel area as illustrated below. But if we look at the more observant, daily candlestick is showing the pressure for downward movement (pinbar), so be careful if we buy transaction.
https://lh5.googleusercontent.com/-b...5BUNSET%5D.png
EUR/JPY is turned neutral for the moment. Consolidation from 131.12 might extend and below 127.05 will bring another decline. But in that case, downside is expected to be contained by 123.86 support and bring rebound. Eventually, an upside breakout is expected and above 131.12 will resume whole rally from 94.11.
Pivot levels today:
R3: 131.77
R2: 130.83
R1: 129.37
PP: 128.42
S1: 126.97
S2: 126.03
S3: 124.55
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rising is expected.
Forecast: Price may rise to 130.27.
Personally, I'm waiting on a couple of just north of growth in the underlying trend on the daily chart is clearly seen that the sliding alligator well fulfill the role of lines of support, also formed the northern Stochastic signal, going shopping after breaking open the upper fractals 129.70 to 131.00.
On the hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI line cross above the 50 area, indicates the trend is still up
Recommendation: BUY
Take profitt: 130.85
Stop Loss :126.98
time frame- H1
the MACD indicator is giving us long signal and the rsi 21 is also moving to the side of overbought level 70. it is break the resistance at 128.75 and moving to the higher resistance at 129.70. we can long this pair to the target at 130.55 and stop loss at the 128.00
good luck
in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 128.45
I expect from this analyze that the price will go to down way
so sell from 130.24 to 128.45
good luck
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