sell eur/jpy at the level 124.60 with targets at 122.80 and 121.96, but in case of breaking the level 124.96, then buy above this level with targets at 125.90 and 126.44
Thread: Eur/Jpy
sell eur/jpy at the level 124.60 with targets at 122.80 and 121.96, but in case of breaking the level 124.96, then buy above this level with targets at 125.90 and 126.44
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Hamzagoroo (2019-04-07)
cci indicator is showing this pair is oversold and it is making a hammer candlestick pattern at the support 123.50 so this will be not break and act as a support we can long this pair and target to the resistance at 125.50
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Hamzagoroo (2019-04-07)
this pair is currnetly in bullish trend due to retracement of this pair. at this time buy this pair on every dip and currently this pair is at 124.30 and take the buy if it reach at 124.00.
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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.
Hamzagoroo (2019-04-07)
In my analysis, on weekly time frame i see shark wave pattern, this is time to sell. i predict the price will continue to downtrend. Similar like EUR USD, the bearish trend are begin from this week. I am sure it will be more on few weeks ahead. I think it will go to 112.xx.. From there it will be going to up or going to down trend.
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Hamzagoroo (2019-04-07)
Eur/jpy analysis for 02.08.2013 by using : pivot indicator.
r3: 130.02
r2: 128.73
r1: 127.08
pivot : 125.79
s1: 124.14
s2: 122.85
s3: 121.20
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Hamzagoroo (2019-04-07), Unregistered (1)
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Hamzagoroo (2019-04-07)
Eur/jpy has the same direction with eur/usd but it is trying to test its support level at 125.05 . Although eur/jpy is still in uptrend but affter had been affected by the news , the bearish is stronger than bullish . So i think the price will break that support level soon and go to the next level at 123.02 .
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Hamzagoroo (2019-04-07)
The course has just overcome and sineyu Sliding alligator who served as the trend line, the Bulls did not have any effect on the resumption of the trend, the course also broke an important figure 125.00 purchase while I do not consider, so far to sell a little late for that you need to wait a little correction in the northern 125.20-125.00 area.
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Hamzagoroo (2019-04-07)
Pair made a very strong request to change the main trend, a strong reduction of the pulse did not save even a couple of 126.00 support, broke her course with little or no effort (even the bulls did not resist) are now trying to strengthen the exchange rate below this point, the path is open to the south and the objectives can bear simply be to support 124.17-because it is the closest a strong level of which may resume shopping.
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