Thread: Eur/Jpy
EUR/JPY is currently into a bearish rally. The pair is now below the lower band of its medium term bearish channel. A pullback on this line as resistance seems possible.
We advise to trade only short positions as far as 95.50 is resistance. The breakout of 94 will give a new sell signal and will open the way for new historics lows.
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Like I said in previous post Eur/Jpy wasn't able to break the bearish trend line and hence it dropped. Today H4,Daily and Weekly time frame shows that there is a strong bearish movement which will continue even in next week. Hope for a good start on Monday.
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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.
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Analysis of EUR/JPY
Trend is Strongly Sell
Resistance Level 1: 122.91
Resistance Level 2: 123.07
Resistance Level 3: 123.21
Pivot Point: 122.78
Supporting Level 1: 122.64
Supporting Level 2: 122.50
Supporting Level 3: 122.36
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.
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.
ABDULLAHGUL (2019-05-19), saddam092 (2019-06-20), SDK (2019-05-19), zainm6050 (2019-05-19)
While risky assets have suffered amid this news, anti-risk alternatives like the Japanese Yen, US Dollar and Swiss Franc have risen. If relations continue to deteriorate, we may see a magnification of these assets’ reactions, especially if prevailing global economic conditions do not look healthy.
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.
as we can see from the chart , the pair has succeeded in breaking 106.00 and reached 106.50 , so that's mean the up trend is still standing and the pair might head to 107.00 and the 107.30 . good luck .
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I can see bearish downtrend channel at 4H chart. This trend line is strong resistance level.
I expect downward movement till 100.79- this is 1st target
2nd target is psychological level 100.00
Good luck
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.
eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only
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.
Muneer7171 (2019-05-19), saddam092 (2019-06-20), SDK (2019-05-19), zainm6050 (2019-05-19)
Eur/Jpy
Today Market analysis and trend:sell
Indicators bhi market ke down hony ka bata rahe hain
Resistance and Support points bhi hamain market ke down hony ka ishara de rahe hain isliye hamain sell main trade lagani chahiye
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.
Muneer7171 (2019-05-19), RYK (2019-05-19), saddam092 (2019-06-20), SDK (2019-05-19), zainm6050 (2019-05-19)
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