From the supply zone of 132.00, the cross has nosedived by almost 200 pips. This price action is a serious threat to the bullish outlook, which would be rendered invalid should the price go further south.
Thread: Eur/Jpy
From the supply zone of 132.00, the cross has nosedived by almost 200 pips. This price action is a serious threat to the bullish outlook, which would be rendered invalid should the price go further south.
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Hamzagoroo (2019-04-07)
This cross trended upwards significantly yesterday, and later trades sideways. Like all other JPY pairs, there is also a primary bullish trend here, and the expected breakout would probably be to the upside. A short-term target for buyers is at the supply zone of 132.00.
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There is a bearish outlook here, and the price would probably keep on going downwards this week. The simple fact is that the EUR is weak and the s strong. Therefore the price could go further reaching some demand zones of successively.
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Hamzagoroo (2019-04-07)
his currency instrument – though a di0fficult market has now produced a kind of clear signal. It shows a northward possibility, perhaps towards the supply level at before any serious r Long position could be opened with small sizes and tight stops.
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Hamzagoroo (2019-04-07)
There has been a consolidation to the downside on this cross. In spite of the recent sideways movement and bullish attempt, the bearish outlook remains a valid thing. On the chart, it can be seen that the price has been trending downwards, reaching out towards the demand zone a
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Hamzagoroo (2019-04-07)
I am starting this thread for forum members to post here their ideas regarding EUR/JPY pair.
Right now I am short in eur/jpy at 126.24.Will update the thread when I close the position.My initial stop loss and take profits are 126.54 and 125.94.
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Hamzagoroo (2019-04-07)
कीमत प्रमुख चैनल प्रतिरोध का परीक्षण कर रहा है और कम से कम 132.01 समर्थन (फिबोनैचि रिट्रेसमेंट, क्षैतिज पुलैक समर्थन) तक के अल्पावधि सुधार के लिए हम प्रतिरोध के इस स्तर (स्विंग उच्च प्रतिरोध, चैनल प्रतिरोध, फिबोनैसी एक्सटेंशन) से नीचे बेचने की कोशिश करते हैं। स्टोचस्टिक (34,3,1) 96% के नीचे प्रमुख प्रतिरोध देख रहा है जहां से हम एक और गिरावट की उम्मीद करते हैं। 134.15 से नीचे बेचें। स्टॉप लॉस 134.92 पर है। टेक प्रॉफिट 132.01 पर है।
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Hamzagoroo (2019-04-07)
eur/jpy ka main resistance jo aajkal hai wo 133.15 par chal raha hai aur esme ess level se aap sell kar sakte hai lekin agar level 135.00 ka break up hota hai to esme bullish trend market me start hogaya hai,esme abhi 130.00 takk bola ja raha hai ye pair ja sakta hai because euro abhi weak hi lekiin abhi europe ka pmis data aane wala hai ussi par eska market me ab price pata chalega.
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The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including EUR. Investors tend to favor carry trades at times of optimism about global economic performance and stability; they shun them at times of market stress.
S1 133.10 W R3 136.41 S
S2 132.05 M R2 135.00 M
S3 131.43 S R1 134.41 W
Trend
Down
Volatility
5%
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Hamzagoroo (2019-04-07)
eur/jpy is currency pair in which the traders are trading and they are making huge income with this pair because this pair has good movement per day that is why the traders like this pair for the trading ,
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