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I anticipate this pair EUR JPY have bullish course
.
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
I recommend to take LONG position today.
time allotment that is considered while making backing and opposition levels – Day by day and Week by week time allotment, think about the day by day monetary news before taking the exchange.
The Euro vs. the Japanese Yen. The Yen is a historically low-yielding currency, influencing traders to borrow cheaply in JPY to purchase higher-yielding currencies, including EUR. Because of this the pair is sensitive to broad-based market sentiment trend swings. Volatility may be found in news related to the Eurozone debt crisis and from the Bank of Japan’s anti-deflation policy efforts introduced in 2013.
The EURJPY keeps the positivity
The EURJPY pair confirmed its affection by the bullish bias domination by recording 121.77 level recently, moving away from the main bullish channel’s support line at 120.70 today, which confirms the price preparation to resume the bullish attack, getting the positive momentum by stochastic reaching the overbought areas as appears on the chart.
Therefore, we will keep waiting to form new bullish rally to move towards 122.50 level, and surpassing this level will start targeting new positive levels that might begin at 123.25.
The expected trading range for today is between 121.10 and 122.50
The expected trend for today: Bullish
Eurjpy
euro / japanese yen
121.741
jpy
+0.109 (+0.09%)
market open (jan 10 11:15 utc-5)
121.632
prev
121.632
open
178.604k
volume
121.521 — 121.834
day's range
Today's market trend: Sell
kal ki downward movement ko market continue kar skta hai kyuki market meh kafi downtrend tha kal or sellers kafi control me the ,
halaki price abhi ek resistance level pe hai us resistance ko market ache se test karega agar ye level break hota hai toh pakka strong down
market punche huwe he wahan se up
ke traf movement kar sakte he so main suggest kronga hamen buy ki trade lga dene chaheye
BUY position is better choice now, you can set target profit level 35 pips
Resistance and Support points also given has signal of market down
7.47310
dkk
−0.00043 (−0.01%)
market open (jan 07 11:04 utc-5)
7.47353
prev
7.47353
Plus there is political uncertainty, "said Rob Dobson, Economist of IHS Markit, in a written statement. In addition to economic growth, investors should also look at the release of Chinese trade data on August 8.
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.
Today market trend:sell
Market exchanging sign rely upon a pointers*
Resistance points and Support points of market goes down
The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit
So could the trading in Sell and get a huge profit
Money management is very effective for getting profits with stop loss and take profits method with current trading position. Remember there are risks in forex trading field so be active and be careful.
If you want become Successful Trader In Forex so could the hard work and get a knowledge and experience about forex trading.
Pair: eur/jpy
Today indicators shown bearish short terms trend.
Pivot Point : 120.80
Supporting Levels:
Support 1: 118.90
Support 2: 119.13
Support 3: 119.18
TREND: BULLISH
Resistance Levels:
Resistance 1: 120.90
Resistance 2: 120.97
Resistance 3:121.05
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 side that is up trends