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I bought EUR/JPY for the medium term - at least several days unless I get contradictory signals.
Reasons:
Bullish price action patterns on the daily chart. First a pin bar then a bullish engulfing bar
Price is crossing a small but still important pivot zone, the 115.00 area
The support on the daily chart at 113.50 is the bounce place. Multiple bottoms in this area = strong rejection.
target at least 116.50 or more; stop loss at 113.50. Again, this is a medium term trade
long term movement pivot, resistance and support levels are as follows for today date.
current market price is at == 130.54 level.
this currency name == eur/jpy pair.
resitance and target - 1.3262
support and stop loss - 130.12
Always follow long time frame market trend.
Signal is Buy
EUR/JPY
Date - 12 July, 2018.
Today signal - Sell
Support 3 - Support 2 - Support 1
129.08 129.50 130.12
Resistance 1 - Resistance 2 - Resistance 3
131.16 131.58 132.20
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
Forex Forecast with price level.
EUR/JPY - pair in focus
Current Price - 131.31
main support level - 130.93 131.14
main resistance level - 131.69 131.90
Pair likely to be in Buy today.
time frame - 4 Hour
currency pair - EUR/JPY
buy @ 131.35
take profit @ 131.18
stop loss @ 131.87
risk reward ratio - 1 : 3
the pair may go bullish and possible retracement uptrend. buy dips sell high.
If EUR/JPY continues its advance into higher levels, it may encounter resistance at 117.80 (May 31 high), 118.50 (April 26 low) and 119.20 (May 3 low). To the downside, support levels lie at 117.16 (May 20 high), 116.90 (May 11 high), and 116.37 (May 26 high).yesterday our pair closed at point 115.27
if this pair break 115.77 maybe we will see 116.17
and if break 115.12 then maybe we will see 114.73 and 114.43
Spoiler:
EurJpy bullish trend can continue today, now current price at 131.10 and strong support at level 130.90 in hourly time frame. there is possible chance EurJpy price will move to up side. then next high price is 131.60
I suggest to entry buy with stoploss at 130.75 and take profit at 131.60
https://indian-forex.com/attachment....75&cid=1&stc=1
EUR/JPY as in a levels to be short at Resistance area R2: @ 131.30 and stop loss @ 131.70 . Today high closes at 131.51 and looking for a trend could be fall more over . So just keep on watch thus the trend break over the top or falls over the bottom :)
Eur / jpy - एच 1 स्पष्ट रूप से अपट्रेंड लाइन के साथ व्यापार किया जाता है। निकटतम उत्तरी लक्ष्य -130.64 और -131.10 के स्तर पर हैं। लेकिन यदि कीमत ट्रेंड लाइन के नीचे तय की जा सकती है, तो यह स्तर -130.17, -12 9.84 और -12 9.21 के स्तर पर समर्थन बंद कर देगा, लेकिन दक्षिणी पथ पर अवधि (50,100,200) के साथ चलती औसत (ईएमए) चल रही है, इसलिए स्तरों का कोई स्पष्ट विकास नहीं हो सकता है। इस बीच, समग्र प्रवृत्ति बढ़ी है, मैं खरीदने के इच्छुक हूं।
EUR/JPY
Date - 12 July, 2018.
Today signal - Sell
Support 3 - Support 2 - Support 1
130.20 130.47 130.94
Resistance 1 - Resistance 2 - Resistance 3
131.68 131.95 132.42
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.