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The cross currency pair has violated the double bottom support level of 131.065. It was sort of a descending triangle pattern which was expected to violate on the lower side. So, we decided to open a forex trading signal to sell at 131.150 to target 130.850.
Support Resistance
131.56 131.92
131.46 132.02
131.28 132.2
Key Trading Level: 131.74
Eur/Jpy today's technical analysis is bullish.
1. Resistance Level: 129.60
2. Resistance Level: 129.80
3. Resistance Level: 130.05
1. Supporting Level: 129.15
2. Supporting Level: 128.90
3. Supporting Level: 128.72
Eur/Jpy today's technical analysis is bullish..
1. Resistance level: 129.60
2. Resistance level: 129.80
3. Resistance level: 130.02
1. Supporting Level: 129.15
2. Supporting Level: 128.90
3. Supporting Level: 128.72
Eur/Jpy strong bullish
Current rate is: 129.75
Resistance levels is:
Resistance 1: 130.03 Resistance 2: 130.27 Resistance 3: 130.59
https://preview.ibb.co/mMuS3o/Screenshot_3.png
Supporting Levels is:
Support 1: 129.37 Support 2: 129.05 Support 3: 128.86
Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at == 129.82 level.
This currency name == eur/jpy pair.
Resitance and target - 130.55
support and stop loss - 128.82
Always follow Long time frame market trend.
Signal is Sell
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
Eur/Jpy buying position
Current Price Rate is : 129.26
Resistance 1: 130.15
Resistance 2: 130.66
Resistance 3: 130.94
https://preview.ibb.co/cv4VOo/Screenshot_13.png
Support 1: 129.52
Support 2: 129.21
Support 3: 128.89
Time Frame - 4 Hour
Currency pair - EUR/JPY
sell @ 129.75
Take profit @ 129.06
Stop loss @ 130.10
Risk reward ratio - 1 : 3
The pair may go bearish and possible retracement downtrend. Buy dips sell high.
Eur/jpy bullish position current rate is: 129.97
R1: 130.23 R2: 130.41 R3: 130.71
S1: 129.81 S2: 129.55 S3: 130.11
Eur/Jpy today's technical analysis is bullish.
1. Resistance Level: 130.25
2. Resistance Level: 130.59
3. Resistance Level: 131.09
1. Supporting Level: 129.42
2. Supporting Level: 128.90
3. Supporting Level: 128.60