There is bearish potential for a fall to 108.85 while 109.93 - 110.29 resist. After this fall a recovery up to 110.29 or 110.66 is expected.
Supports / Resistances
Res 2 111.7300
Res 1 110.6600
Pivot 109.9300
Sup 1 108.8500
Sup 2 108.1300
Thread: Eur/Jpy
There is bearish potential for a fall to 108.85 while 109.93 - 110.29 resist. After this fall a recovery up to 110.29 or 110.66 is expected.
Supports / Resistances
Res 2 111.7300
Res 1 110.6600
Pivot 109.9300
Sup 1 108.8500
Sup 2 108.1300
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Intraday trade:
If a M15 close above 109.70 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 109.29 sell only and do not buy. If price closes back above it again do nothing
The range 109.70 and 109.29 is neutral area, any trade done in between is personal decision and not part of this analysis
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in my opinion it will have medium term high around 125 around this week or next but any setback to below 110 will halt the process or even set the trend to bearish again, daily support will be on 111ish and the resistance 113ish
मैं सचिन तेंदुलकर की सबसे बड़ी प्रशंसक हूँ
We are keeping our mildly bullish count that the wave ii is still unfolding as ABC-X-ABC and 2nd A leg has ended at 123.33 with a: 115.56, b: 113.55 and c: 123.33 and 2nd B leg itself is a complex correction
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current development suggests that rebound from 105.42 medium term was merely a correction and has completed at 123.31 already.
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The pair is moved down to test the support on 110.82
if this is breaked we can see the pair move down
if this support is not breaked we can see the pair move up to test the 1st resistance on 110.97
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The pair is moved down to test the support on 110.82
if this is breaked we can see the pair move down
if this support is not breaked we can see the pair move up to test the 1st resistance on 110.9
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Look for a fresh medium-term higher low to carve out around 110.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
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Abubakar 148 (2020-11-10)
Look for a fresh medium-term higher low to carve out around 110.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
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.
Abubakar 148 (2020-07-26)
Look for a fresh medium-term higher low to carve out around 110.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
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.
Abubakar 148 (2020-07-22), Joo (2020-01-08), zainm6050 (2019-06-14)
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