meanwhile eur/jpy pair still trapped between 129.25 and 129.70
current price: 129.69
short sell with take profit : 129.30
stop loss : 129.95
good luck...
Thread: Eur/Jpy
meanwhile eur/jpy pair still trapped between 129.25 and 129.70
current price: 129.69
short sell with take profit : 129.30
stop loss : 129.95
good luck...
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The pair intraday analysis at H4 using williams percentage range and moving average are showing the pair still on bullish trend. and it may continue for today. Try to find good support and then set long order on it. Today SNR :
R3 : 131.35
R2 : 130.45
R1 : 129.85
Pivot level : 128.94
S1 : 128,45
S2 : 127.42
S3 : 126.83
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the pair falls below 129.00
saw a fresh leg lower during the New York session
the JPY enjoys a fresh wave of buying
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Hi,
My preferance for today for Eur/Jpy is to sell from 128.98 and to stop loss at 129.98,
first take profit is at 128.48 and second at 127.98.
Good luck in trading
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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.
elliott flat correction up 130.38 it should test 130.61 area after which a sell off down to 128.43 or extended to 127.47 area is expected
support and resistances
res2 130.48
res1 129.93
piovt 128.98
sup1 128.43
sup2 127.47
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Bought as a fairy tale and closed at 128.17 with a turn on "Fomka" at 128.93. While still at yesterday's fall sale of the system showed 129,55-65. If that were sold with a stop at 100 pips, it would have been in the chocolate. At this point in purchases of 129.17 and 129.63 - 131.40 for the purpose. Stop very short - 128.80. We'll see. If the pass 128.80 - will seek input on the sale.
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As you see in my following chart, the pair traded between a high of 129.49 and a low of 127.98, closed at 129.30. Today the pair trades below the resistance line of 130.50.
Downside Scenario: EUR JPY could decline to the levels of 128.70 then 128.00, if the resistance line of 130.50 holds.
Upside Scenario: Upside penetration of the resistance line of 130.50 could send the pair to the levels of 131.60 then 132.50.
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today i like to sell this pair @ 129.87
my stop loss of the day @ 130.22
half take profit for today @ 129.53
and further half take profit @ 129.23
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