Thread: Eur/Jpy
A pair of second half of the day passed in the northern correctional movement, but the underlying trend continues to the south, and Ichimoku signals the continuation of the fall, at the end of the correction and the resumption of the fall I'm selling.
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The pair fell well to the south after the opening, the trend is very strong, I'm waiting until after the correction of such motion, and alternatively, the resumption of fall and break the current minimum will sell.
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i think that EURJPY will move upward on the short term as we have a trend and a support level@94.27 so i suggest buying now with target point @23.6% as we have a resistance level @ this level.
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EUR/JPY is currently into a bearish rally. The pair is now below the lower band of its medium term bearish channel. A pullback on this line as resistance seems possible.
We advise to trade only short positions as far as 95.50 is resistance. The breakout of 94 will give a new sell signal and will open the way for new historics lows.
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.
The pair fell well to the south after the opening, the trend is very strong, I'm waiting until after the correction of such motion, and alternatively, the resumption of fall and break the current minimum will sell.
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.
The short term trend of the pair is to the downside. Intraweek trading range of the pair is expected among key support at 91.80 and key resistance at 96.90. Based upon my chart analysis, I prefer to selling the pair below 94.80 with targets 93.90, 93.35 then 92.15 and stoploss with four hour candle closing above 96.25.
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EURJPY fell sharply since the opening of the market today. Although it has fallen far enough, but this pair still has the potential to go down even further to a level of 93.58.
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the eurjpy has tried to comback to higher levels but it didn't due to the weakness of the euro and last friday we've seen that it has breaked the support 95.80 and now it seems that we can see more down levels i expect next week to see 94.50 then 94
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if eur/jpy continues its advance in to higher levels it may encounter resistance at 117.80 to the downside support levels lie at 117.16 may 20 high 116.90...Originally Posted by Anytime
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.
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.
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