today i like to buy this pair @ 130.14
my stop loss of the day @ 129.80
half take profit for today @ 130.37
and further half take profit @ 130.64
Thread: Eur/Jpy
today i like to buy this pair @ 130.14
my stop loss of the day @ 129.80
half take profit for today @ 130.37
and further half take profit @ 130.64
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.
According to EUR / JPY seen rising bullish channel, now the pair rested precisely in the lower boundary of the channel (the point of tangency 130.00 strong figure), the course of the day is already half-consolidated U.S. session opening soon, this is to add strength and to resume the bullish trend of the main north, to easily will be the upper limit of the channel 131.00.
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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.
TODAY'S TECHNICAL LEVELS: Resistance 3: 131.00. Resistance 2: 130.65. Resistance 1: 130.40. Support 1: 129.40. Support 2: 129.10. Support 3: 128.85.
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The following data is predicted based on indicators that we use for the currency pair EURJPY today, for today's resistance levels as follows: RI (131.09) R II (131.53) R III (132.57). and to this day support levels as follows: SI (128.81) S II (128.01) S IIII (127.15)
recommendation:
place your sell stop at 129.61 target profit at 129.41. (Seller zones)
place your buy stop at 130.01 profit target at 130.21 (buyer zone)
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eur/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 14.08.13
timeframe : 1 hour
time : 0900
market trand : up
adx wilder(14) level
style : 30.19
+di : 30.49
-di : 16.57
adx(14) level
adx : 21.29
+di : 19.05
-di : 19.25
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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.
Today Signal Eur/Jpy
EURO ended the session on tuesday with gains of 1.08%, versus the yen, rallying sharply to register the single largest gains in eight trading sessions. the pair broke out of the 129.50- 129.80 range, closing above 130.00 yen after five trading sessions and indicating that the rally will continue. Trend bullish with the gains likely to extend to 132.00- 132.50; breakout for the symmetrical triangle in an uptrend. Supports placed at 128.00- 128.50. Buy the Pair on dips.
TRADING RECOMMENDATIONS
LONG:
At 129.30 with a stop at 128.80 for a profit target of 132.00
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Daily pivot Fibonacci points: Resistance levels: R1: 130.46 R2: 130.86 R3: 131.40 Support levels: S1: 129.19 S2: 128.79 S3: 128.15
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EURJPY yesterday moving up until closing day. but when tokyo open this morning, the price moves sideways, and move down a few hours later. this makes LSMA turns red, and the tendency bergerakn down. then follow the current price trend is down, then I open sell. I will observe the price at around LSMA and high today. to take profit area I put in low daily.
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