Eur/Jpy

[nurdiantofxwave]

This pair dosn't up strong enough otherwise yesterday gone up to 103.76 and retraced down from that level until closed market at 103.38. The downward movement is following long term trend (down).It estimated that the price can continue down again to 102.93 as dayly support 1 level.

Below trend analysis today with ma system:
ma 16 as short term trend indicator= down
ma 96 as medium term trend indicator= consolidation
ma 480 as long term trend indicator = down
So the trend is down.

[ashaab]

The trading range for today is among the major support at 101.35 and the major resistance at 105.00.

The short-term trend is to the downside as far as 123.30 remains intact, targeting 94.80.



Recommendation : Based on the chart and explanations above, our opinion is selling the pair around 103.85, targeting 102.55 and 101.35 and stop loss above 105.00 might be appropriate

[simpleforex68]

Let's have a look at H1 chart of the pair. There is a Divergence on MACD. Moreover the Ichimoku Kumo Cloud is flat, this will attract the price. Therefore, I think the price will go up today.

[nurdiantofxwave]

After retrace up from weekly support 2 level at 102.99 the price up strong until dayly pivot area. If up trend continuing the price can be touch dayly ressistance 1 level at 103.68 then in to strongly ressistance at 104.39.

For technical analysis today :
ma 16 as short term trend indicator= up
ma 96 as medium term trend indicator= down
ma 480 as long term trend indicator = down
So the trend is down weak.

Signal of mreinstein oscilator tf h1 at overbought area indicates the price can be down for several candle in future. Waiting for sell position if price touch 103.68.

The trend may doen again if there isn't good news in european.

[hazem ahmed mohamed]

i think that we should sell EURJPY as we have a moving up trend on the daily chart so i predict that EURJPY will move down ward our tp1 will be @38.2% as we have a support level @ this level.

[ashaab]

The trading range for today is among the major support at 101.35 and the major resistance at 105.00.

The short-term trend is to the downside as far as 123.30 remains intact, targeting 94.80.



Recommendation : Based on the chart and explanations above, our opinion is selling the pair around 103.85, targeting 102.55 and 101.35 and stop loss above 105.00 might be appropriate

[nurdiantofxwave]

Below the dayly data of support and ressistance:
pivot point: 103.94
r1: 104.35
r2: 104.85
r3:105.26
s1:103.44
s2:103.03
s3:102.53

In asian market the pair was down to support 1 dayly level then it was going up until now. If we seeing ma 96 in the picture (yellow) being down that indicates pair in down in medium tend as well as ma 480 is going down.

In mreinstein stochastic indicator , stochastic tf h4 look in oversold area so the price can predict up to weekly support 1 level at 103.73 then going up again in 103.94.If the down trend continue, the price can down to monthly support 1 level (103.17). I predict the price going up then retrace down to 103.30.

[simpleforex68]

We can see that in H4 chart, the price is below the Ichimoku Kumo Cloud and EMA 200, these indicate that the price is on down trend. Therefore, in my opinion, the price will return to the Kumo cloud and then it will continue to be down.

[simpleforex68]

Let's analyze in H1 chart. We can see that the price is under the Ichimoku Kumo Cloud, this indicates that the price is on down trend. Therefore, I think it will continue to be down now.

[ayusri]

If EUR/JPY continues its advance into higher levels, it may encounter resistance at 117.80 (May 31 high), 118.50 (April 26 low) and 119.20 (May 3 low). To the downside, support levels lie at 117.16 (May 20 high), 116.90 (May 11 high), and 116.37 (May 26 high).

price movement is strongly influenced by the euro jpy and usd euro usd jpy both the tug each other with each other if the euro usd usd jpy rose then fell while eurojpy relies heavily on them if one of the dominant curency ej will move to follow any curency dominant if on the contrary he continued to follow the most dominating, if there is a reversal of the direction of the price that had been strong up or down will turn around immediately, regardless of the previous motion because this is so very difficult position we are trading euro jpy