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EUR/JPY Analysis


Klimov

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The single European currency experienced the pressure from the Japanese yen yesterday, however, the pair could find support at 138.20. However, euro rise above 139.16 failed, indicating that the risл of testing 138.20 support.

http://i11.pixs.ru/storage/2/0/6/EURJPYH1pn_6276919_17794206.png

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  • 4 weeks later...

Yesterday euro showed a small growth. At the top of the resistance from the boundary of the descending channel, slightly below the support in the form of MA 34 and the circular level 135.00. In general, reducing the waiting first to 134.40 and then to 133.50. You’d better not make any selling.

http://i11.pixs.ru/storage/0/1/1/EURJPYH1pn_4195568_18123011.png

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  • 4 weeks later...

The EUR/JPY traded yesterday in a range 138,84 - 138,07, and now we can see the following picture. The pair is trading in the zone between the levels of resistance 139,03 and 139,32 and support levels 138,55 and 138,26. The pair's decline will constrain the lower boundary of the trading channel and if it will not stand, we should sell the pair at the support level of 138,26, where should consider buying resistance.

http://i10.pixs.ru/storage/1/6/1/EURJPYH1pn_5409509_18553161.png

Edited by Klimov
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  • 2 weeks later...

Today, our pair is being traded rebounded from the bottom of the trading channel, trying to pass resistance level 136.23. If the pair consolidates above resistance, it is necessary to continue to keep buying to the resistance level 137.02, which is proved by the indicators as well. Today's support levels are located at 134.87 and 134.08.

http://i11.pixs.ru/storage/1/0/2/EURJPYH1pn_7011948_18566102.png

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  • 2 weeks later...
  • 2 weeks later...

Yesterday's trading range of the currency pair EUR/JPY was 147 points. Currently the pair is being traded in the upper part of the descending trading channel on H4 chart, trying to pass the support level of 135.96. If the pair succeeds in this task, it should be sold to the support level 135.30. Buying should be considered if the pair gets outside the channel to the North. Then it is necessary to Buy to resistance level around 136.77 and 137.43.

http://i11.pixs.ru/storage/4/4/3/EURJPYH1pn_6952947_18816443.png

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  • 4 weeks later...

Yesterday's trading session was spent by the currency pair EUR/JPY within the range of 136.00 - 136.58, and currently it is in the area of ​​the resistance level 136.27. Indicators show us the possibility to buy the pair to the resistance level around 136.54, where it can be considered in terms of sales. Today's upport levels - 135.96 and 135.69.

http://i11.pixs.ru/storage/2/1/7/EURJPYH1pn_8872706_19132217.png

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  • 2 weeks later...

Yesterday, EUR/JPY passed 117 points to the south and reached the bottom border of the descending trading channel. Today the pair tried to pass the border of the channel down once again, but failed. Now the indicators point to the possibility of buying the pair to the resistance levels of 133.23 and 133.74. Sales to the support level around 132.57 and 132.06 should be considered if bottom of the channel is passed by the pair.

http://www.imageup.ru/img225/2263647/eurjpyh1.png

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For the last trading session, trading range of the currency pair EUR/JPY was 58 points (132.61 - 133.19), but having reached the upper border of the downward channel, the pair is currently moving in a southern direction, having passed the support level of 132.93. Indicators point to the possibility to sell the pair to the support level 132.67. Resistance levels are now above the channel borders at the levels 133.25 and 133.51.

http://www.imageup.ru/img271/2268438/eurjpyh1.png

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  • 1 month later...

After a take-off of the last week to the 134-th figure, currency pair EUR/JPY continues a flat movement, having passed 52 points yesterday, but could not return to the 134-th figure. H1 chart shows that it is traded at the upper border of the downward channel, and indicators hint at the possibility of selling the pair toward support levels 133.78 and 133.57. Buying to the resistance levels 134.09 and 134.30 will be considered if the pair crosses the upper border of the trading channel.

http://www.imageup.ru/img95/2298303/eurjpyh1.png

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  • 1 month later...

After the currency pair EUR/JPY yesterday it bounced from the upper border of the descending channel on the chart H1. Today it is trading trying to reach the resistance level 130,04, if the pair overcomes it, you can try to buy the pair to the resistance level of 130,46, where the upper border of the channel to look for an entry point into the market. Levels of support today - 130,44 and 130,02.

http://www.imageup.ru/img127/2343873/eurjpyh1.png

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