Encouragement EURJPY above 104.00 is needed at this time to print new heights at 104.75 before returning. In addition, the decline below 103.00 will ensure that the lower altitude has occurred at 104.50 / 60 for now.
Thread: Eur/Jpy
Encouragement EURJPY above 104.00 is needed at this time to print new heights at 104.75 before returning. In addition, the decline below 103.00 will ensure that the lower altitude has occurred at 104.50 / 60 for now.
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Until the sale is better not to go, the course made a stop near the 0335 support (for 4 hour chart is there a sliding blue alligator), drew a Stochastic divergence and a buy signal, I think the course can once again go to the 103.90, 104.30.
A few hours ago, there was a retreat from the sloping level (started practiced southern signal MASD), reducing the rate started south, but while there is still a short-term break 103.30 support level, then I plan to make a major sale.
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pair EUR / JPY is now trading at 103.30 and support as it was already false break to the south, but the price went back again, and now we can see that while the level holds ... so what about the bottom not sure ... I think if a few hours form protorgovki and level of effort, you can buy ...
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103.30 seems to support giving his slack ... shows that the level of already sewn ... so I think that the next movement of the pair may again be in the range of 102.60-103.30 .. also ****ually decreases and the histogram ... it says that stopped buying couple ... so I'm a bottom ..
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Stabilize the price of the eur / jpy in recent trading confined to narrow range between 103.30 and 104.00 almost remains generally positive field
Expected to achieve new levels around 104.60 firmly support level around 102.55
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Intraday bias in EUR/JPY remains mildly on the upside for 104.58 first. Break there will confirm resumption of rise from 94.11 and should target 111.43 key resistance. On the downside, below 103.07 minor support will delay turn bullish case and would extend the consolidation fro 104.58 with another fall. But after all, we'll stay near term bullish as long as 100.14 support holds and expect rise from 94.11 to resume later.
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I think now its time for this pair to go up..it can be bought from here till 117.target at least 116.50 or more; stop loss at 113.50. Again, this is a medium term trade.
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The Euro was higher against the Japanese Yen on Friday.
EUR/JPY was trading at 103.78, up 0.07% at time of writing.
The pair was likely to find support at 102.18, Tuesdays low, and resistance at 103.99, Thursdays high.
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EURJPY still continuing bullish, now the target is to touch its last week's highest point at 104.58. Downward movement will be restrained by MA line and monthly fibo 23.6% at 103.24.
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