Eur/Jpy

Today market trend is :sell

This pair is in a directionless consolidation, we can see that the price is gravitating heavily to the downside. It has repeatedly found support at the yet after every bounce it tends to return to this area, creating a pronounced bearish bias.so i recomand for sell today all support and resistence showing this trend

News) - U.S. inflation pressures have eased more than expected as the nation’s economy grinded to a halt last month due to the growing COVID-19 pandemic.

Friday, the U.S. Labor Department said its U.S. Consumer Price Index fell 0.4% in March, after a 0.1% rise in February. The data was weaker than consensus forecasts as economists were expecting to see a 0.3% decline.

The report noted that the drop in inflation last month was the sharpest since decline since January 2015. For the year inflation is up 1.5%.

The drop in consumer price pressures was largely the result of a major drop in gasoline prices. The report said the gasoline index dropped 10.5% last month. Last month oil prices fell to an 18-year low below $20 a barrel as the coronavirus has severely curbed demand.

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.

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That moving average is very strong that keeping the price downwards from last many time, so it is expected that this time also the market will respect that moving average and will turn bearish from here. We should wait further for the daily candle to give us the confirmation and then we should start selling this pair further.

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Today market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.

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Rsi
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EUR/JPY is easing from March’s highs while rebounding from the 119.00 figure and settling near the 200 SMA
Euro/Yen exchange rate is consolidating losses below the 120.00 figure and above the main SMAs on the four-hour chart. The market is challenging the 119.90 resistance as the spot can have a retest of the 120.50 and 121.00 price levels. Support is seen near the 119.50, 118.75 and 118.00 levels.

Dear friends
Forex forum is the best forum in the world online earning in part time .
In this forum we use and make money. I like zigzag indicater
Rsi
Friends I expert in 2 indicater plz use this and gain good profit.