Thread: Eur/Jpy
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The pair EUR / JPY I think the main goal will be near the lower boundary of the channel, this hour rate continues to shape and work off the southern wave signal to sell MACD, Ichimoku also gave two sell signal, it is likely, and the breakthrough of the oblique line.
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EUR/JPY
At this moment the pair EUR/JPY has been moving down, 100500 is the next level of rsistence and it will meet 100770 if it breaks. We have 99500 for support and 99069. I expct this level to hold. Last time price was at that level had a good reaction. A 0.78 fibonacci number, is near at the moment price is trading below yesterday low.
Today Daily Pivot point for this pair is 100.619
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The pair went to the opening price level of this week (100.00 level) if the exchange rate will be fixed below it is to be supported 99.00, 98.70, the pair is trading within this hour the lateral canal, and I think it will continue to shape the southern wave (otbivshis from 100.86).
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Long position is preferable at 99.75 with price targets 100.9 and 101.45. If the price goes to below 99.75 then we can expect downward movement 99.05 and 98.7 as price targets.
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as the pair break the down trend shown it is testing now the resistance level 61.2% , so i expect if it can break this level it will continue upward and we can buy after closing above this level ,
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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.
The MACD histogram is in the negative zone, and T increases smoothly, RSI also smotritsa on top .. I think after the breakdown of the trend line pair forms a parallel channel in the direction of the bulls and prices continue to rise to the goal of 101.00 ..
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The MACD histogram is still located in the positive zone, continues to decline slowly, and thus sends a signal to prodazhu.Ostsillyator oversold stochastics is close generates an opposite signal, since the% K line rises above the% D.Seychas dvizhetsa vapor in a certain corridor 98.50-101.00, I think that the level of 101.00 will be very important for the couple, as there still is a moving average with a period of 200 ...
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