Thread: Eur/Jpy
pair- eur/jpy
time frame to analysis- m30
daily support at 132.30 level has been break with strong bearish candle and the rsi indicator is moving below the level 30 showing strong oversold. the price may make correction. hold short entry with stop loss at 132.83
good luck
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Spoiler:
Daily Forecast
Pair: EURJPY
Major Trend: Bearish
Time Frame: Daily
Reason: 135.09 is weak support area, the possibility still be corrected to the price of 134.21, as seen from the stochastic, still leaning down.
Recommendation: Sell limit in 134.21
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EURJPY Analysis & Signals 23/01/15
Order SELL BELOW
SELL LIMIT
Sell at 134.75
Take Profit at 134.10
Stop Loss at 135.00
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I think that the resistance level at 137.31 will make the price fall down, that's why I advise you to look only for short opportunities.
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EURJPY Analysis & Signals 22 /01/15
ACTIVE BUY ABOVE
Type BUY
Buy at 137.13
Take Profit at 137.65
Stop Loss at 136.93
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Daily Forecast
Pair: EURJPY
Major Trend: Bearish
Time Frame: Daily
Reason: There is a pivot point that has not been touched at the price of 136.38. Bullish pattern has been formed, although still weak. Predicted price will be sideway to this day in the area of 136.68 to 136.11
Recommendation: Sell now
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There is a downside channel that will make the price fall down more, I don't think that upside channel decree in your photo will help us.Originally Posted by ng1985
pair- eur/jpy
time frame to analysis- m30
the price has been break the up trend channel pattern of the support at 137.00 level and falling down side with break the moving average 50. the price will make correction from the daily support 135.88 level. hold the short entry with stop loss at 136.83
good luck
We can get in short position now with take profit at 135.81.
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.
pair- eur/jpy
time frame to analysis- m30
the price has been break the up trend channel pattern of the support at 137.00 level and falling down side with break the moving average 50. the price will make correction from the daily support 135.88 level. hold the short entry with stop loss at 136.83
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.
I think that the resistance level at 136.42 will make the price fall down to the support level at 135.16.
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 Analysis & Signals 21/01/15
Order SELL BELOW
Type SELL STOP
Sell at 136.20
Take Profit at 135.55
Stop Loss at 136.43
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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