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pair- eur/jpy
time frame analysis- h1
technical analysis-
http://i66.tinypic.com/2ni083l.jpg
the macd indicator is moved below the zero level but the cci indicator is moving out from the -100 level. the price having support at 133.48 level. if moved below the 133.00 level then short with profit target at 130.85 and stop loss at the 135.67
good luck.
EUR JPY is in an downtrend on the H4 time frame it is seen from the down trendline. if the price is not able to penetrate trendline great opportunities to sell entry. but if through the trendline then buy with a target at the resistance tp 136.37
Spoiler:
pair- eur/jpy
time frame analysis- h1
technical analysis-
http://i63.tinypic.com/rkws5w.jpg
the price is moving in the channel pattern with having resistance at 134.70 and the support at the 133.32 level. its making doji pattern at the support level so movement to the resistance can expected. the macd is also moved to the zero level. long with profit target at 134.30 and stop loss at 133.25
good luck.
pair- eur/jpy
time frame analysis- h1
technical analysis-
http://i65.tinypic.com/dqhcuu.jpg
the macd indicator is moving below the zero level and in the price chart its correction movement is rejecting from the daily resistance level one 133.584. this will break the daily support at 132.435 and moved to the 131.286. hold the short entry with stop loss at 134.130
good luck.
Our Preference: Sell Below 133.40 for the target of 132.50 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- EurJpy was trading with upper trend line and yesterday it was closed lower side as bearish candle and closed below the key support level of horizontal line so today we can except on selling side :- We have shown in above image.
In 4 Hour Chart :- EurJpy was trading in the equidistant channel lines and trading near upper trend line so we can sell below upper channel line and except upto next key support levels :- We have shown in above image.
In 1 Hour chart :- EurJpy was trading below the upper trend line and now its trading below key support level so we can sell near intraday resistance level and except upto key support level :- We have shown in above image.
EUR / JPY tried to get up. but still within the trendline down. down trend is still dominating in the timeframe H4 but if it is able to penetrate the trend line down and are able to penetrate the 134.57 area will rise towards the next resistance.
Our Preference: Buy Above 133.00 for the target of 134.00 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- Yesterday EurJpy was closed on higher side and closed above the resistance level of horizontal line and its trading with upper trend line so today we can except on buying side from key support 133.00 level :- We have shown in above image.
In 4 Hour Chart :- EurJpy was trading in the short term and long term equidistant channel lines and yesterday its tested the lower line of equidistant channel line so we can buy near support level and except upto next key resistance levels :- We have shown in above image.
In 1 Hour chart :- EurJpy was trading in the equidistant channel lines and yesterday its tested the lower line of equidistant channel line and we got closing above the key resistance level of horizontal line so we can buy near support level and except upto next key resistance levels :- We have shown in above image.
pair- eur/jpy
time frame analysis- h1
technical analysis-
http://i68.tinypic.com/353avm8.jpg
the up movement of the price is not able to break the resistance trend line at 133.280 level and its again falling down in the down trend channel pattern. the price will again to the lower supporting trend line at 132.41 level. short with stop loss at 133.70
good luck.
Our Preference: Sell Below 133.60 for the target of 132.60 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- Yesterday EurJpy was closed on lower side as bearish candle and closed above the support level of horizontal line and its trading below new upper trend line so today we can sell near upper trend line of key resistance level and except upto next key support 132.60 level :- We have shown in above image.
https://charts.mql5.com/9/665/eurjpy...l-services.png
In 4 Hour Chart :- EurJpy was trading in the short term and long term equidistant channel lines and now its trading near upper channel line equidistant channel line so we can sell near short term upper channel line of equidistant and except upto next key support levels :- We have shown in above image.
In 1 Hour chart :- EurJpy was trading in the equidistant channel lines and now its trading near upper channel line equidistant channel line so we can sell near short term upper channel line of equidistant and except upto next key support levels :- We have shown in above image.
eujpy is a good pair i love to trade it it has almost same similarity with euusd . and also has a low spread but seems to be more volatile than euusd