Eur means European dollar and jpy means japan yen dollar. the pair is one of the main pair of the list. there are some currencies on the main list. from them eur/jpy is main.
Thread: Eur/Jpy
Eur means European dollar and jpy means japan yen dollar. the pair is one of the main pair of the list. there are some currencies on the main list. from them eur/jpy is main.
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EURJPY had touched and had been rejected by the 100.43 support level yesterday. I think EURJPY has a potential to reach the 101.30 resistance level. But if EURJPY can break 100.43 support level, I think EURJPY will fall to the lower support level at 99.49
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On the 4 hour chart noticeable that the pair eur / jpy slowed near the support level of 100.60 (price below this level are not allowed), will likely rebound in the northern direction (or at least a correction), sold only at the break of 100.60.
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sell eurojpy: price=101.20,
sl =101.82,
tp-1= 20-30 pips,
tp2=100.33,
tp3=99.78
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sell: eurogbp : .7980, tp-1: 20-30 pips, tp2=.7903, tp3 is .7832
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I think we can keep an eye on the current candle on H4 time frame. If the current candle can close below the 101.30 support level, I think it means EURJPY has broken that level successfully and this pair may falls to the next support level at 100.43. But if fail and EURJPY can close above that level, the current candle will form a pin bar candle and this pair may goes up to the resistance level at 102.19
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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.
this pair has shown the maximum volatility this week. i wanted to get long after seeing the 5 day gain and increasing strength in euro, but this week has been a disappointment. i gave long at 102.5 and failed. now i guess a range trading will happen in the next week.
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this pair is going to form inverted hammer in H4 we may see more down after that candle formation.
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