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EURJPY fluctuates bullishly
The EURJPY pair failed to breach 135.15 level, which pushed it to settle around 134.30 level, and we remind you that the bullish bias still valid as long as 50% Fibonacci level remains intact, which supports the positive bias in the upcoming period, and we are waiting to breach 135.15 level to confirm rallying towards 137.40.
Stochastic continues to form bullish waves to approach from 80 level, to confirm gaining the required positive momentum to achieve the required breach then reaching the above-mentioned target.
Expected trading range for today is between: 133.40 and 137.40
Expected trend for today: Bullish
---------- Post added at 08:03 PM ---------- Previous post was at 07:07 PM ----------
The pair fluctuated around 134.15 and is still moving within the ascending channel showing on graph, so we continue favoring the upside move on intraday basis mainly targeting 137.80. The pair could face further sideways volatility waiting for positive signals from the technical indicators to support extending the upside move, which depends on holding above 134.15 and 133.55.
---------- Post added at 08:07 PM ---------- Previous post was at 08:03 PM ----------
Support 134.15 133.55 132.40 131.65 131.10
Resistance 135.05 135.80 136.45 137.60 137.80
Recommendation
Positive expectations above 134.15, risk-limit below 133.20.
---------- Post added at 08:14 PM ---------- Previous post was at 08:07 PM ----------
Oversold RSI fetched the pair back from its 130 support level; however, 135.40 – 135.50 horizontal resistance-zone continue to restrict EURJPY up-move. Moreover, with the negatively slanting RSI, the pair is likely to re-test its 132.40 horizontal support in near-term. Also, a break below 132.40 can become detrimental for the pair's up-move and can recall the January lows near 130. On an extended decline below 130, the pair becomes vulnerable to test August 2013 lows near 127.80. Alternatively, a break of 135.50 can fuel the pair's rally towards 136.50 before testing the 38.2% Fibonacci Retracement of its December 2014 – January 2015 decline, near 137.60. Given the JPY weakens further and the pair closes above 137.60, the 200-day SMA, near 139.60 at present, immediately followed by the psychological resistance and the 50% Fibo of 140, provides strong resistance to the pair's near-term up-move.
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To day support and resistance date.11/2/2015
Resistance 1:135.63
Resistance 2:135.99
Resistance 3:1.136.35
Power pivot:135.30
Support 1:1.134.85
Support 2:1.134.65
Support 3:1.134.30
Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.
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eur/jpy downtrend start by trying to test support at 134.80 area. Break down this area could bring down even further eur/jpy to next support line at 134.50. While the resistance area at 136.00.
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dearforex me tu koi bhi pair ho ksi risk se khali nhi he is me hamen ager kis bhi knowedg he ham us me trading kren tu acha he forex me sare pair me hamen loss bhi ho sakhta he nd hamen us me profit bhi hota he is liye forex ek riski busssnsiss he
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analysis for today 2 / 11 / 2015
EURJPY
Resistance : R1 135.77 R2 136.02 R3 136.22 R4 136.52
Support : S1 134.70 S2 134.45 S3 134.25 S4 133.95
Open : 135.18
High : 135.45
Low : 135.02
Range : .43 Pips
Running Price : 135.34
Strategy : BUY at the level 135.34 stop loss at the level 134.70 target take profit at the level 136.22 or at the level 136.52
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Daily Forecast
Pair: EURJPY
Major Trend: Bullish
Time Frame: H1
Reason: Market still has the potential to touch the daily pivot point at 134.83, but still to this day is still likely bullish.
Recommendation: Buy Limit at 134.83 with daily target at 135.60
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EURJPY attempts positively
The EURJPY keeps its positive attempts to notice settling abov e135.15 level since morning, which makes us continue suggesting the bullish bias domination for the upcoming period, and we should mentioned that the waited target at 137.40 forms the broken support of the bullish channel, which requires breaching this level to confirm the positivity for the upcoming period.
On the other hand, holding below 137.40 level will force the price to show some negative rebounds and return to test the key support 132.10, thus, we recommend monitoring the price behavior when reaching the waited target followed by detecting the upcoming trend.
Expected trading range for today is between: 133.40 and 137.40
Expected trend for today: Bullish
---------- Post added at 09:35 AM ---------- Previous post was at 09:04 AM ----------
EUR/JPY Daily Outlook
Daily Pivots: (S1) 134.37; (P) 134.82; (R1) 135.61
4H
Breach of 135.34 suggests recovery from 130.13 is resuming. Further rise would be seen but we'd expect upside to be limited by 137.63 resistance and bring fall resumption. Below 132.53 minor support will turn bias to the downside for retesting 130.13 first. Break will extend recent down trend and target next medium term fibonacci level at 128.50.
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bhai j ye pair eur/usd aur usd/jpy par depend hai aur jaise ki usd/jpy increase ho raha hai to ye pair bhi waise he upar jaraha hai lekin esko euro ke news ke hisaab se he kaam karna hoga tabhi aap esme thik se entry le sakenge..
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D1
In the bigger picture, the break of 134.13 support should confirm medium term topping at 149.76, on bearish divergence condition in weekly MACD. Deeper correction should now be seen to 38.2% retracement of 94.11 to 149.76 at 128.50 first. Based on current momentum, the correction could go deeper to 61.8% retracement at 115.36.
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I think that after breaking the resistance level at 135.26 we can get in long position with take profit at 137.67.
http://i.imgur.com/db8BUGF.png
Spoiler: