Eur/Jpy

[Omtrader]

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 131.37; (P) 131.84; (R1) 132.14; More

EUR/JPY falls sharply to as low as 129.83 so far today and the break of 130.28 minor support suggests that rebound from 127.96 has completed. Intraday bias back on the downside for 127.96 support first. Overall outlook is that consolidation pattern from 133.80 top is still in progress. Break of 127.96 will suggests that the third leg of the pattern has started and should target 124.95. In case of another rise, we'd expect strong resistance below 133.80 to bring another fall to extend the consolidation.

In the bigger picture, medium term up trend from 94.11 has topped out at 133.80 on bearish divergence condition in daily MACD. Consolidation from there could extend with another fall to target 119.10 cluster support (38.2% retracement of 94.11 to 133.80 at 118.63). Strong support would be seen there, at least on initial attempt. But, break will target 61.8% retracement at 109.27. Nonetheless, considering the five wave structure of the rise from 94.11, we'd expect another medium term rally after completing the correction.

[DoooD]

Pair has shown that it has not lost the power and remains the most volatility and a pair of Jenova in the Asian session fell to 131.15 at the European level will continue to decline, and at the moment the pair found support at EMA200.* Couple in securing higher levels of EMA200 and go to the level of 130.45 and 131.15 is likely zafletit in this range forming the right shoulder Heep.* When attaching the pair drops below EMA200 to drop the 129.77 and additional support will be met as the lower boundary of the uptrend.* While the pair out of the market.

[FholsD]

EUR / JPY fell today very much, just went to the northern end of the correctional stage, the couple once again drawn to week low 129.90 (zone of lower fractal) - if the pair manages to break this mark again climbed on the market but now with the objectives of the long horizontal support around 129.30, north until you consider.

[afandi]

the H1 time frame charts on currency pairs eur/jpy
such as the support resistance on
R3 = 132.94
R2 = 132.63
R1 = 132.17
Pivots = 131.86
S1 = 131.4
S2 = 131.09
S3 = 130.63
with today's market position is at point 130.12

then I strongly recomended you to the open position BUY
consideration for stop loss at 129.82 and take profit at 130.42 Good luck all

[pregem]

Presently there is a reversal in the market, but there is still going to be a correction back to the down side. I see EUR/JPY falling to the level of 129.35. The market is responding to the noise as a result of a news , but there is a likelihood that it will return to its original trend

[gandha]

buy signal for EURJPY, the price is too deeply overbought condition, it is likely the pair will move with little range, bearish movement will be continued on the next day. and this movement will end when the opening of the first candle on the monthly montly tf

[Goll]

The pair today revealed a strong fall in the daily chart the course once again strayed from the top of converging triangle (132.50) seems to bear their sights on the lower border of the figure (approximate tangent point at which the 129.00 figure) against such aggressive movement is better not to go forward their point of entry to the market.

[fxabdulrehman]

EURJPY Spot is 130.43 Trading Strategy :1. Buy EURJPY at or above 130.53 with targets of 130.75-131.03-131.32-131.60 levels, SL 130.24 and below.

2. Short Sell EURJPY at or below 130.24 with targets of 130.02-129.74-129.45-129.17 levels, SL 130.53 and above.

EURJPY having a key support at 130.85, below it looks more selling pressure and targeting to 130.20-129.70-128.75 levels.

EURJPY having a key resistance at 131.10 and 131.96 above only looks bullish into EURJPY otherwise BEARISH .

[f_teguh]

My daily trading,I hope the day is a success ...
EUR/JPY (Daily Trade)

Open : 131.71
Resistance : 132.80 133.00 133.30
Support : 130.76 130.56 130.26


High / Low : 131.76/ 130.31
Range : 145 pips
Running Price : 130.43

for intraday trade today suggest SELL at the level 130.43 stop loss at the level 131.76, target take profit at the level 130.03
===GOOD LUCK===

[Omtrader]

EUR/JPY Technical Analysis -

Prices moved lower as expected after putting in a Shooting Star candlestick below resistance at a falling trend line set from late May. The pair is now testing through support at 130.90, the 23.6% Fibonacci retracement, to challenge an upward-sloping hurdle at 130.41. A break below that eyes the 38.2% Fib at 129.76. Trend line resistance is now at 132.21.