eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only
Thread: Eur/Jpy
eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only
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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).
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Today indicators shown bUllish trend.
eur/jpy
I recommended for trading session from this stage may be looking as up.
But market totaly on risk its dont moving one side its parabolic session moving average.
Totay supporting levels are also tells us for up
trending.
My analyses totaly bases on daily market trend.
When today the market is opened then showing up and supporting levels are also available here its not remain here this pair because h4 telling here down sidre that is up trends.
Small risk gain big apportunity.
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Eur-Jpy price shows positive trading to head towards testing
the broken support that turns into resistance at ,
as long as the price is below this level, so our bearish trend expectations 98% will remain active for today,
supported by the negative pressure 28.00% that comes from the EMA50,
reminding you that our next main target is located at sell
The expected trading range for today is between support and resistance.
The expected trend for today: Bearish
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Time Frame - 4 Hour
Currency pair - EUR/JPY
Buy @ - 117.99
Stop Loss - 117.72
Take Profit - 118.32
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
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Eurjpy
117.990
jpy
+0.079 (+0.07%)
market open (sep 26 01:23 utc-4)
117.911
prev
117.911
open
78.301k
volume
117.848 — 118.050
day's range
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Eur/jpy ki current price: 118.00
Pivot Point hai : 118.07
Support and Resistance hain:
Support 1 : 118.02
Support 2 : 117.88
Support 3 : 117.74
Resistance 1 : 118.09
Resistance 2 : 118.17
Resistance 3 : 118.32
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Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 118.04
This currency name - EUR/JPY
Resistance and Target - 118.10
Support and Stop Loss - 117.98
Always follow Long time frame market trend.
Signal is Sell.
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Fiza7359 (2019-09-26), Muhammadasif11 (2019-09-26)
Pivotal Points: 117.972
Resistance 3: 118.547
Resistance 2: 118.365
Resistance 1: 118.154
Support 1: 117.761
Support 2: 117.579
Support 3: 117.368
Just Work and Earning
Fiza7359 (2019-09-26), Muhammadasif11 (2019-09-26)
Economic growth will be the theme in the financial markets this week. Japan and the UK will announce data on economic growth in the second quarter of 2019, which could be a sentiment driving the market.
Japan will announce the preliminary reading of economic growth in the second quarter of 2019 on August 8. Market participants expect the Japanese economy to slow down quite badly. Market consensus gathered by Reuters estimates that the quarterly annualized economy of the Rising Sun Country is 0.4%.
Slower than the quarter I-2019 which is 2.2%. Understandably, Japanese exports have contracted alias dropped for seven consecutive months due to the trade war of the United States (US) -China and a slowdown in the global economy. Japan's trade friction with South Korea made things even more complicated.
Then on August 9 local time, the Office for National Statistics (ONS) will announce the preliminary reading of UK economic growth for the second quarter of 2019. Market consensus from Trading Economics estimates that John Bull's economy grew 1.4% YoY. Slowed slightly compared to the previous quarter by 1.8%.
The slowdown in the UK economy has been seen from the Purchasing Manager's Index (PMI) data. In July, the IHS Markit / CIPS UK manufacturing PMI was at 48, the lowest in the past 6.5 years. "In July, we saw the manufacturing sector 'suffocated' because of the global economic slowdown.
Plus there is political uncertainty, "said Rob Dobson, Economist of IHS Markit, in a written statement. In addition to economic growth, investors should also look at the release of Chinese trade data on August 8.
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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