SubscribeEURJPY is having difficulties with breaking the trendline. If it continues to rise touching the 50% Fib can provoke further rallying of the pair. (114,6)
Support is at 113,8, last low.
I advise to wait for a momentum.
Thread: Eur/Jpy
EURJPY is having difficulties with breaking the trendline. If it continues to rise touching the 50% Fib can provoke further rallying of the pair. (114,6)
Support is at 113,8, last low.
I advise to wait for a momentum.
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Current Price :114.72
High:114.88
Low:113.80
Current Trend :upside
Price Move :Go to high market
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same as the other JPY pairs, no correction UP. we should open a direct position.
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My sell target is hited . in sell 77 pips profit.Originally Posted by soumen
total 77 pips profit. my prediction for falling eur/jpy is correct.
today not more. see next monday.
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yeh pair ka price niche gir raha hai shayad yeh bahut risky hai open a Sell position at this time,I will wait for a correction in the price of 114.44.
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today I am giving 2 pending order
buystop- 114.99 tp-20 to 30 pip sl-30pip
sell stop-114.54 tp-20 to 30 pip
tp will be increase and this is better to close manually
but i am determine that today eur/jpy will fall.
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white marbels already emerged.
I try just one position at 115.00, it looks like prices will fall at that point.
good luck...
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yesterday our pair closed at point 115.27
if this pair break 115.77 maybe we will see 116.17
and if break 115.12 then maybe we will see 114.73 and 114.43
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today eur/jpy will moving up after 114.94. and it will go up to 115.35
i am giving a buy order now. current price114.94
you may take profit minimum 30 pips and stop loss also 40 pips.
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I bought EUR/JPY for the medium term - at least several days unless I get contradictory signals.
Reasons:
Bullish price action patterns on the daily chart. First a pin bar then a bullish engulfing bar
Price is crossing a small but still important pivot zone, the 115.00 area
The support on the daily chart at 113.50 is the bounce place. Multiple bottoms in this area = strong rejection.
target at least 116.50 or more; stop loss at 113.50. Again, this is a medium term trade
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