Subscribethe pair and as we can see from the chart has closed it's weekly candle above the level of 109.00 , so , that's mean the up trend is still standing and the pair is heading to 109.60 then 110.00
Thread: Eur/Jpy
the pair and as we can see from the chart has closed it's weekly candle above the level of 109.00 , so , that's mean the up trend is still standing and the pair is heading to 109.60 then 110.00
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The EUR/JPY is falling in a channel from the July highs. Today it has rallied a little and encountered resistance at the upper channel line of the move down. It may fall from here and continue the trend down with the next target at the 108.00 lows
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EUR/JPY opened the Asian trade at108.92 and, after very little pullback, began its campaign to target lower levels, breaking below 108.30 (Wednesday’s low) to kiss 108.23, a level not seen since the 17th day of March.
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Any pullbacks below 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011. Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
the chart is showing that the pair has succeeded in closing it's daily candle above level 109.00 , and that's mean the up trend is still standing and the pair might head to 109.50and then 109.80
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Abubakar 148 (2020-06-11)
If a M15 close above 109.53 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 108.95 sell only and do not buy. If price closes back above it again do nothing
The range 109.53 and 108.95 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The euro is losing further ground against its Japanese counterpart as investors favor the yen as a safe haven asset during times of global uncertainty and as fears of a spreading euro-zone debt crisis persist.
LIKE MY POST.THEN DO NOT FORGET TO GIVE THANKS!!!
Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
the pair has succeeded in closing it's daily candle above level 109.00 , and that's mean the up trend is still standing and the pair might head to 109.50 and then 109.70
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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