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EURJPY

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EUR/JPY Technical Analysis: Immediate support-line challenges sellers around 124.30

  • Extending its gradual declines from 125.94, the EUR/JPY pair presently tests the short-term ascending support-line, at 124.30, on early Friday.
  • The pair needs to provide a decisive break under 124.30 in order to further decline to 123.80 and then to mid-January low around 123.40.
  • Given the pair’s sustained downturn past-123.40, 122.80, 122.00 and 121.25 could entertain the bears.
  • Meanwhile, nearby descending trend-line, at 124.70, acts as adjacent resistance for the pair, a break of which can trigger its recovery to 125.30.
  • During the pair’s additional rise beyond 125.30, the 125.79-125.93 region comprising December lows and February high seem strong resistance.

EUR/JPY
Overview:

    Today Last Price: 124.43

    Today Daily change: -18 pips

    Today Daily change %: -0.14%

    Today Daily Open: 124.61

Trends:

    Daily SMA20: 124.73

    Daily SMA50: 125.95

    Daily SMA100: 127.74

    Daily SMA200: 128.48

Levels:

    Previous Daily High: 125.07

    Previous Daily Low: 124.34

    Previous Weekly High: 125.74

    Previous Weekly Low: 124.36

    Previous Monthly High: 127.07

    Previous Monthly Low: 118.84

    Daily Fibonacci 38.2%: 124.62

    Daily Fibonacci 61.8%: 124.79

    Daily Pivot Point S1: 124.28

    Daily Pivot Point S2: 123.94

    Daily Pivot Point S3: 123.54

    Daily Pivot Point R1: 125.01

    Daily Pivot Point R2: 125.41
    Daily Pivot Point R3: 125.74



Linkback: https://www.forex.zone/technical/11/eurjpy/967/
#1 - February 08, 2019, 06:48:31 AM

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analysis of eur jpy today the price is still below the MA and 10 MA cuts MA89 price predictions will sell to the support area 124.151
#2 - February 08, 2019, 07:10:02 AM
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analysis of eur jpy today the price is still below the MA and 10 MA cuts MA89 price predictions will sell to the support area 124.151
permission to take part in the discussion about EURJPY analysis ...... I agree with what is said that in the daily this currency is still in a downward position ...... whereas at H4 it starts to show a decline in this currency signal where the price touches the yellow line or daily resistance.
#3 - February 08, 2019, 04:05:06 PM

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permission to take part in the discussion about EURJPY analysis ...... I agree with what is said that in the daily this currency is still in a downward position ...... whereas at H4 it starts to show a decline in this currency signal where the price touches the yellow line or daily resistance.
good morning bro how are you today?

yeah, that's right, bro, if you choose the H4 time frame, the EJ looks like it's still coming back down to the support area.
#4 - February 08, 2019, 11:33:21 PM

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EURJPY is experiencing a Bearish trend phase.
The price of 124.47 is now under Moving Average Daily.
We observe the EURJPY chart currently moving from 124.96 to 124.32,
The CCI indicator is currently below Zero Level (-41.18).
hope this will happen
Meanwhile the price is above Parabolic SAR.
The current Daily Range for EURJPY is 13 pips.
#5 - February 09, 2019, 05:34:42 AM

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My opinion the EURJPY pair succeeded to record the first negative target at 124.30, confirming the affection by the main bearish bias domination, reminding you that the stability of 126.00 resistance is important to confirm blocking the price within the bearish channel, waiting to reach 123.50 followed by 122.60 levels.
#6 - February 09, 2019, 01:56:42 PM

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are you daily or swing trader?
#7 - February 09, 2019, 03:53:30 PM

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According to the D1 time frame, and the MCAD, and RSI indicators show that,

Today's Market Trends are: BEARISH


Resistance level is: -

1> The Resistance Level is: 124.68
2> The Resistance Level is: 124.77
3> Resistance levels are: 124.95

Supporting Levels are: -

1> Support Level is: 124.18
2> Supporting Levels are: 123.97
3> Supporting levels are: 123.85



#8 - February 09, 2019, 04:36:55 PM

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EURJPY is experiencing a Bearish trend phase.
The price of 124.47 is now under Moving Average Daily.
We observe the EURJPY chart currently moving from 124.96 to 124.32,
The CCI indicator is currently below Zero Level (-41.18).
hope this will happen
Meanwhile the price is above Parabolic SAR.
The current Daily Range for EURJPY is 13 pips.
please explain what technique you are using? the problem is that I still like being wrong in analyzing forex.
#9 - February 09, 2019, 05:23:09 PM

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EURJPY can go down to the area of 118,850
I use the TBST technique
Based on my technique, DSB has been formed and has a valid downtrend to the 118,850 area
#10 - February 09, 2019, 10:39:44 PM

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EURJPY is experiencing a Bearish trend phase.
The price of 124.47 is now under Moving Average Daily.
We observe the EURJPY chart currently moving from 124.96 to 124.32,
The CCI indicator is currently below Zero Level (-41.18).
hope this will happen
Meanwhile the price is above Parabolic SAR.
The current Daily Range for EURJPY is 13 pips.
good analysis my friend agrees with you indeed the possibility of eur jypa will be returned to monday tomorrow using wise mm
#11 - February 10, 2019, 12:16:29 AM

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EURJPY is experiencing a Bearish trend phase.
The price of 124.47 is now under Moving Average Daily.
We observe the EURJPY chart currently moving from 124.96 to 124.32,
The CCI indicator is currently below Zero Level (-41.18).

Good analysis, friend, I will try to follow your advice, hopefully it can make a profit.
#12 - February 10, 2019, 12:32:50 AM

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..

My opinion the EURJPY pair succeeded to record the first negative target at 124.30, confirming the affection by the main bearish bias domination, reminding you that the stability of 126.00 resistance is important to confirm blocking the price within the bearish channel, waiting to reach 123.50 followed by 122.60 levels.
Good afternoon ... for eurjpy with bbma on h4 the analysis is still biased down, with the selling candle pattern selling expected this week to be low 123.00 tested by the seller. with kuta being able to condition selling only for eurjpy, it is expected that the profit can be better.
#13 - February 10, 2019, 04:40:27 AM
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EURJPY  in Technical_attachment

the trading range 125 of the figure corrects the bearish reversal pattern on "1-2-3" watches. With a retest of the old range, I want to catch the pair on the move back to the 125 digit area using the order limit.



#14 - February 10, 2019, 03:08:44 PM

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EUR/JPY Technical Analysis: Immediate support-line challenges sellers around 124.30
preparing EURJPY tomorrow, it looks like the downward movement is more dominant
#15 - February 10, 2019, 04:44:43 PM
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« Last Edit: September 18, 2019, 05:27:32 PM by Admin »

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