Thread: Eur/Jpy
EUR/JPY market technical analysis
market trend is going bearish
market price = 124.34
Resistance levels
the market could break the first resistance at =124.48
the market could break the second resistance level at =124.60
the market could break the third resistance level at =124.70
Support levels
the market could break the first support levels at =124.21
the market could break the second support level at =124.09
the market could break the third support level at =123.98
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Anees786 (2019-01-25), Awab (2019-01-25), danish555 (2019-01-25), PAK (2019-01-25), Sajidblock (2019-01-25), sarfraz786 (2019-01-25)
Eur/jpy hold in monthly pivot level (100.66) after felt down from weekly pivot level (101.70) yesterday. Price felt down from highest level (101.83). if this condition still continue in this day, price predicted to touch psichological point 99.82.
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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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Now, eurjpy moving around weekly pivot level (101.51) after down from highest price ago. price had broke hma 32 and 860 and both of hma shown red colour so it esimated price will down ,but hma 192 still in green colour that indicates trend for medium trend is up. Price possibility bounch up following medium term trend, it strenghthened again by signal stochastic tf d1 that move up and tf h1 has been in oversold area.
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Eur/jpy buy above 101.219 with a target of 101.600[COLOR="Silver"]
[SIZE=1]---------- Post added at 03:47 AM ---------- Previous post was at 03:46 AM ----------[/SI
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eur / jpy still managed to overcome rolling alligator (which acted as a support), after the break is a small northern correction, when it will sell by the end goals of 99.80 (medium support).
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Now, eurjpy moving around weekly pivot level (101.51) after down from highest price ago. price had broke hma 32 and 860 and both of hma shown red colour so it esimated price will down ,but hma 192 still in green colour that indicates trend for medium trend is up. Price possibility bounch up following medium term trend, it strenghthened again by signal stochastic tf d1 that move up and tf h1 has been in oversold area.
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Same movement seen in 3 indicators for EURJPY movement today; GMMA with his two EMA groups showed that prices in the near future will likely signal a decline, although the significance level is still not very strong; MACD it shows the same thing with GMMA, but with a stronger level of significance, with the indicator area figures moving toward zero (0); Stochastics similar to the MACD is also showing strong indications that the number of indicators to try to penetrate into the area 20. If confirmation of the decline occurred during the day, then the range of support will be recorded in the areas of 100.29 (38.2% Fibonacci retracement), 99.68 (23.6% Fibonacci retracement) and 98.68 (0% Fibonacci retracement). However, if the opposite happens then it will be recorded in the resistance range of areas 100.79 (50% Fibonacci retracement) and 101.28 (61.8% Fibonacci retracement).
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eur / jpy still managed to overcome rolling alligator (which acted as a support), after the break is a small northern correction, when it will sell by the end goals of 99.80 (medium support).
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The EURJPY was indecisive on Friday, made a Doji on daily chart. My overall technical bias remains to the downside as long as price stays below the trend line resistance but the movement back above 109.45 earlier today in Asian session stops the strong intraday bearish bias for now
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