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EUR/JPY witnessed a steep drop of nearly 70-pips in the last hour, mainly on reports that the Japanese Prime Minister Shinzo Abe is set to resign from his position due to worsening health conditions.
The Abe news triggered a fresh risk-aversion wave and downed the Japanese equities, lifting the safe-haven appeal of the yen. The benchmark Nikkei 225 index closed 1.40% lower while USD/JPY nursed losses around 106.30 region after the U-turn from just shy of the 107 mark.
From a short-term technical perspective, the sell-off in the EUR/JPY cross was sparked after it faced rejection at the rising trendline resistance of $126.78.
The spot fell as low as $126.03 before swiftly recovering to near $126.20 region, where it now wavers. Despite the declines, the pair managed to hold above the critical 21-hourly Simple Moving Average (HMA), now at $125.96.
A break below the latter will open floors towards the next support at $125.66, the horizontal 50-HMA. Acceptance below that level will challenge the confluence of the 100 and 200-HMAs at $125.50.
Meanwhile, any recoveries will meet fresh supply near $126.50, the psychological level. Buyers will then aim for a retest of the above-mentioned rising trendline resistance.
The hourly Relative Strength Index has turned flat but holds above the midline, suggesting that a bounce cannot be ruled out.
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Today Market anlisss...
all routine of the chart and indicator I have come to know that today the market will move on up way so all my brothers I will suggest that we should choose the option of buy for trading Hope you will follow me and will get more money because I posted this after checking the market carefully Good luck....
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1 Attachment(s)
eur/jpy
प्रति घंटा चार्ट के अनुसार, यूरो/येन मुद्रा जोड़ी ऊर्ध्वमुखी प्रवृत्ति में कारोबार कर रही है। 120-अवधि की मूविंग एवरेज जोड़ी के अपवर्ड मूवमेंट की पुष्टि करती है क्योंकि यह कीमत से नीचे स्थित है। ज़िग ज़ैग भी तेजी के संरचना की ओर इशारा करता है क्योंकि चरम बिंदु बढ़ रहे हैं। आज, मैं 126.00 के स्तर से लॉन्ग पोसिशन्स पर विचार करता हूं। 126.40 का स्तर पहले लक्ष्य के रूप में देखा जा सकता है, जबकि अगला लक्ष्य 126.80 होगा। स्टॉप लॉस ऑर्डर 125.70 के क्षेत्र में रखा जा सकता है। यदि कीमत 125.40 के मूल्य स्तर पर समेकित होती है, तो जोड़ी संभवतः नीचे की ओर जाएगी। इस स्थिति में, मैं बिक्री के सौदे खोलूंगा। शॉर्ट पोजीशन को 125.00 के स्तर पर बंद किया जाना चाहिए। स्टॉप लॉस ऑर्डर 125.70 पर रखा जा सकता है।
Attachment 22995
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Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
So i suggest today trade on sell
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Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
Keep it up
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today trend is: bearish sell
If a M15 close below sell only and do not buy. If price closes back above it again do nothing
The range of pair and is neutral area, any trade done in between is personal decision and not part of this analysis
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Indicater is the best for show markitng level is very clearly.
Use stop loss and take profit ang gain good and huge profit
"Best"
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Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
Good luck everyone
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Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
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advance daily buy and sell tips
EUR/JPY
Go for buy if price breaks 125.72 in up direction
take profit - 25 pips
go for sell if price breaks 125.22 in sell direction
stop loss - 15 pips
Nothing is indefinite in trading.
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happy trading all, this pair is still moving sideways until now from the H4 time frame it is known that pair movement is still moving above the 161.8% fibo level if later the price breaks below it then the next price will target the support level below the price
but if the price rises it is possible that the possible level for the price to be touched is the SBR level which I marked with a line the top this is where we can do selling reentry with the condition that the price reject from here
