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I bought EUR/JPY for the medium term - at least several days unless I get contradictory signals.
Reasons:
Bullish price action patterns on the daily chart. First a pin bar then a bullish engulfing bar
Price is crossing a small but still important pivot zone, the 115.00 area
The support on the daily chart at 113.50 is the bounce place. Multiple bottoms in this area = strong rejection.
target at least 116.50 or more; stop loss at 113.50. Again, this is a medium term trade
EUR/JPY focused on risk trends, data
The cross is looking to break above the multi-day side-line theme, which remains so far capped by the 100-day SMA.
Despite the buying pressure around the euro, cautiousness among investors remains high on the back of coronavirus jitters, which in turn continues to lend support to the Japanese safe haven.
EURJPY Trend is sell
1 Resistance :119.75
2 Resistance :118.67
3 Resistance :118.06
1 Supporting :117.54
2 Supporting :116.83
3 Supporting :116.29
Today this pair of Market trends & technical Analysis justified for me.
TRENDING
1)Gator Osillator:BUY = (3)dEMARKER :BUY
2)Fractals :BUY = (4)Evelopes :BUY
EUR/JPY
Paraboloc SAR : BUY
The RSI is still on :BUY
StDev on BUY direction.
4hour time frame also telling these condtional exprations.
Indicator shows market going UP and technical Analysis same thing.
All technical and fandamantal follow the BUYing trends.
Note:Always Follow the making experienced with others having great knowledge about trading.
EUR/JPY > Sell
# Resistance 119.76
# Resistance 118.68
# Resistance 118.09
# Supporting 117.58
# Supporting 116.87
# Supporting 116.32
Eur/Jpy
suporting levels are here:
support 1) 120.33
support 2) 120.10
support 3) 119.95
Ichimoku trends giving selling signals.
THE RSI movement of this pair is moving with high frequency on SELL signal.
StdDew & Mcad are main factors which also giving the SELLYing signals.
Bulls power higly selling side movements.
Parablic sar on top showa SELL trends.
this pair has being bearish trends last some hours which can be seen.
today moving movement of this pair today on: SELL
highest 3rd resistance of this pair today will be going :121.10
i think best time to enter sell trade at 121.00 with tp at 119.00 with narrow stop loss of 120.20 with long terms trading section
EUR JPY specialized investigation market exchanging
Today investigation pattern : sell
The present cost and past expense is giving a straight signel that market will go down in business..
Opposition and Bolster focuses are additionally giving a singnel that market will go down that is the reason we should put our exchange on sell....
EUR/JPY
The single European currency traded between the range of 120.33/119.78 on Thursday. The currency pair tested the monthly S1 at 120.33 during the Asian session on Friday.
All things being equal, it is likely that the EUR/JPY exchange rate will edge higher. The potential target for bullish traders will be near the 200– hour simple moving average at 121.75.
However, technical indicators suggest that the currency exchange rate might continue to decline in the descending channel pattern during the following trading session.
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Dear i.forex members Good morning
EUR.JPY
On this Day i will predicted this pair have being bearish down direction.
the price is break Resistance and Trend Line and it is moving down side with having the long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels.
A dot below the candles that indicates a downtrend direction
in addition to that we can see a SELL signal on the MACD indicator.
I suggest to take short terms position on SELL today.