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EUR/JPY is suffering the increased JPY-buying amidst persistent demand for the safe haven universe, always in response to unabated fears around the Chinese coronavirus.
The key area remains the 120.30 level, where is located the 200-day SMA. Below it, the cross is expected to face increasing odds for a deeper retracement.
Against this backdrop, a move to the area of 2020 lows near 118.50 should not be ruled out in the short-term horizon.
Market analisisss..
using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit. to get consistent profits we must have a good strategy, many of the strategies we use but must match your trading style.
you also need to have emotional control, and good money management.I hope you can earn consistent profit from my signal, good luck
EUR/JPY is trading within a tight range below the 120.00 barrier on Wednesday, all against the backdrop of a generalized side-lined mood in the global markets.
The key area remains the 120.30 level, where is located the 200-day SMA. Below it, the cross is expected to face increasing odds for a deeper retracement.
Against this backdrop, a move to the area of 2020 lows near 118.50 should not be ruled out in the short-term horizon.
Eur/Jpy > Bearish
PIVOT POINT > 119.60
S1 > 119.18
S2 > 118.93
S3 > 118.51
R1 > 120.01
R2 > 120.27
R3 > 120.68
EUR/JPY - Euro to Japanese Yen
EUR/JPY
119.50+0.3565(+0.2992%)
04:35:32(GMT)|Real-Time Data, Quoted in JPY
Open
119.15
Day's Range
119.02 - 120.00
Class
Currencies
Bid/Ask
119.50/119.51
Symbol
EURJPY
Subclass / Sector
Minor
EURJPY Trend is sell
1 Resistance :119.74
2 Resistance :118.39
3 Resistance :118.65
1 Supporting :117.92
2 Supporting :116.41
3 Supporting :116.38
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
Best of luck.... 👍✌
Today i am going to discuss this pair..
results of analysis of using daily pivot point calculations
I see this pair still in strong bullish movement . If this pair keep moving to up side , I predict this pair will reach to the next resistance level,
maybe this pair will make some correction to the next high level.
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator . BUY position is better choice now, you can set target profit level
35 pips from current price
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hai yeh pair ,
EURJPY trend is Bearish
Support (S1): 119.20
Support (S2): 118.90
Support (S3): 119.50
Resistance (R1): 120.02
Resistance (R2): 120.26
Resistance (R3): 120.69
Eur/jpy>>
pivot point :120.85
first resistance is on point : 120.97
second resistance is on point :121.10
third resistance is on point : 121.155
In my observation the profitable next selling point will be 121.00
and by my mind the profitable next buy point will be 118.80
I think thats the successful key points for selling and buying for this pairs.>>>
You will earn more money if you will follow my views,
because i have posted this after checking the previous routine of daily time frame of H1,H4 clearly.
note;simply moving on parabolic levels entry.>