Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: Bullish trend began to take shape, but predicted the market will retest Fibonacci 261.8 in the third resistance at 135.39 due tredapat long shadow before.
Recommendation: Buy
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Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: Bullish trend began to take shape, but predicted the market will retest Fibonacci 261.8 in the third resistance at 135.39 due tredapat long shadow before.
Recommendation: Buy
Did not complete price of the pair positive rebound to note the renewed attempts side trades yesterday affected by the negativity on Stochastic, which is approaching the level of 20 as it is evident drawing attached, in general, we continue to expect upside bias depending on the stability of the major support at 133.50 and wait for the rush of the pair to the resistance level at 136.70.
What causes the lateral oscillation also opposes the stochastic moving average with a positive 55 which in turn supports the stability of a key support level, so you must wait for the price exceeded the previous resistance to return to target more positive future goals during the period.
Expected trading range for today between 133.50 and 136.70
Repeat the price of the pair presented side trades above average axis moving 55 to keep it on the positive stability in spite of his lack of upside momentum at the moment, so we emphasize the importance of the stability of the major support at 133.50 and wait for compiling price of a new determination is supported by the achievement level of 136.70 for the second time.
Stochastic is trying to get rid of the negative control its shown persistence above the level of 20 and wait for the prompt formation to try to support the acquisition of a rising price for the desired torque and then achieved the expected goal.
Expected trading range for today between 133.50 and 136.70
yesterday the previous Friday with the price of 134.61 and sideway still going to pair EURJPY. Technically, the use fibonaci current price and the price 134.58 wanted to try to get to pivot upward in price 134.78 and if the price can translucent then the next price will be heading 135.06 135.34 even with the movement of the price range of 135.62 - 136.46 but if the price is not able to in translucent then the price will go back Menco.?
I think that we should wait until the price break the support level at 133.40 then we get in short positiowith take profit at 131.49.
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The price of the pair affected during Friday's trading passively stochastic index, which attempts to stabilize within the saturation level of sale to note the price reaches the level of the pivotal support at 133.50, as is evident drawing attached, bullish scenario depends on the strength of current support to expect its shown persistence rate-forming new emerging waves until arriving to the level of 136.70.
Note the concentration of SMA 55 around the pivotal support to increase the strength against the negative volatility and supports adherence to price within a rookie level, but in the case of the success of the price broke the support it will cancel the emerging outlook and the price starts to form a negative waves until arriving first downside target at 131.40.
Expected trading range for today between 133.50 and 136.70
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Seen from the Fibonacci target at 423.6 was second daily support at 133.15. While stochastic is still biased downward
Recommendation: Sell
Negative vulnerable to the pair price continued through yesterday to observe provide price negative attempts to present its stability below 133.50, these trades are very critical for the euro versus the yen due to the formation critical interval between the resumption price of emerging attempts and introducing new negative trading.
Are advised to take the neutrality of trading today until the price control closures for today and then determine the right direction for the near and medium term, we note that the price abetting to close the negative price will pay for some of the losses incurred and to achieve the level of 132.40 as a target negative first.
Expected trading range for today between 132.40 and 134.40
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