Thread: Eur/Jpy
Today's analysis:-
Pair:- Eur Jpy
As per analysis, Bearish trend seems to be there in market and the price will go down.
I recommend Sell signal on it.
Support Levels:-
Support1: 123.76
Support2: 123.9
Support3: 123.99
Resistance Levels:-
Resistance1: 124.14
Resistance2: 124.2
Resistance3: 124.34
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technical analysis of eur/jpy.
Today bullish trend.
1. Resistance level is. 124.92
2. Resistance level is. 125.36
3. Resistance level is. 125.70
1. Supporting level is. 124.15
2. Supporting level is. 123.83
3. Supporting level is. 123.38
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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
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Resistance level and Support level
current price Eur / jpy= 123.97
Resistance levels
resistance level 1= 124.03
resistance level 2= 124.07
resistance level 3= 124.10
Support levels
support level 1= 123.95
support level 2= 123.92
support level 3= 123.88
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currency of is Eur/Jpy is bearish
Resistance level is:
1- Resistance level is:124.23
2- Resistance level is: 124.35
3- Resistance level is: 124.45
Supporting level is:
1- Supporting level is: 123.98
2- Supporting level is: 123.85
3- Supporting level is: 123.72
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Pair is : Eur/Jpy
Today trend is : Bearish
today resistance and supporting level is:
Resistance is :
1,Resistance level is :124.12
2,Resistance level is : 124.21
3,Resistance level is :124.33
Support is :
1,Supporting level is :123.92
2,Supporting level is :123.79
3,Supporting level is :123.68
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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
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.
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).
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.
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).
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.
Technical analysis Eur/Jpy Sell
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:124.16
2> Resistance level is: 124.25
3> Resistance level is: 124.33
.
Supporting level is
1> Supporting level is: 123.89
2> Supporting level is: 123.77
3> Supporting level is: 123.66
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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