Forex signals | EURJPY

The primary trend of EUR/JPY is bearish, prices are successfully sustaining at the lower levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 131.35 Today if the pair breaks 131.35 & managed to sustain below it, then we can expect it to continue its ongoing trend & test the level of 131.00 in today's session. RSI is also sustaining in selling territory supporting downside movement in the pair.

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STRATEGY :- EUR/JPY is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

EUR/JPY hit 3 week high

The major trend of EUR/JPY is bearish, but from last few days prices are not sustaining at lower levels. The pair is taking resistance from the psychological level of 135.50 consolidating & gaining strength to break it upside. Today if the pair breaks 135.50 & managed to sustain above it, then we can expect it to test the level of 136.20/ 136.90 in a day or two.

Prices are also taking support of 30 SMA & can come up to test 200 SMA. RSI is also sustaining in buying territory supporting the ongoing trend. MACD line has recently break the zero line,indicating the up trend in the market.

STRATEGY :- EUR/JPY is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

                                   Technical Report

                                        

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1206	1.1239	1.1280	1.1313	1.1354	1.1387	1.1428
GBP/USD	1.5125	1.5160	1.5207	1.5242	1.5289	1.5324	1.5371
USD/JPY	117.39	117.88	118.65	119.14	119.91	120.40	121.17
USD/CHF	0.9154	0.9182	0.9223	0.9251	0.9292	0.9320	0.9361
AUD/USD	0.7631	0.7688	0.7729	0.7786	0.7827	0.7884	0.7925
EUR/GBP	0.7360	0.7383	0.7402	0.7425	0.7444	0.7467	0.7486
USD/CAD	1.2302	1.2374	1.2480	1.2552	1.2658	1.2730	1.2836
NZD/USD	0.7317	0.7349	0.7376	0.7408	0.7435	0.7467	0.7494

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Technical Analysis of EUR/JPY For Today

EUR/JPY Today

Bearish candlestick formation "Kharami" allowed the pair to perform a U-turn in favor of the Japanese currency and start falling towards 261.8% Fib level- 139.41. Education bullish candlestick formation allows traders to expect a reversal in favor of the euro and some growth in the direction of the correctional level 323.6% -150.07. Securing quotations below the 261.8% Fib increase the likelihood of further depreciation in the direction of the next correction level 200.0% -128.71. After the formation of a bearish candlestick formation "veil of dark clouds" on the 4-hour chart the pair performed a U-turn in favor of the Japanese yen and the beginning of the process of falling in the direction of the correctional level of 38.2%- 140.17. Bullish candlestick formation "Kharami" is not allowed to start a pair of growth and formation bearish "Kharami" allowed to continue to drop in prices. Formation of a new bullish formation allows traders May 7 count on a turn in favor of the euro currency pairs and some growth in the direction of the correctional level of 23.6% - 142.28.

FOREX Signals Today with EUR/JPY Technical Analysis

EUR/JPY Technical Analysis

Formed day golden cross, the pair continued moving to the past maximum 143.78, update and consolidate above which is the main objective on the way to the goal breakdown daytime clouds and clipping adjustment on a weekly half. Support from senior halftime now remained far below and is not very relevant

EUR/JPY H4 Formation

That's a cloud struck H4, have tested and advanced to the target, which is called non-stop, only limited support for short-term trend H4. See enough power to endure and fulfill the purpose of 100%. After working target levels can be formed and consolidation recoil movement. First support is now 143.16 (Tenkan H1), then the work will come 142.70-77 (Tenkan Kijun H4 + H1). Breakdown and fastening under the cross H1 and H4-term trends will lead to a deepening of the main reference is correct and in this case would be the Kijun H4, now it is located at 141.69 and enhanced daytime levels.

FOREX Signal For Today:

USD/CHF continues bearish trend taking resistance at level 0.8899. One can enter SHORT position if pair sustains below support level of 0.8782. Key fundamental to look for today is ADP Non-Farm Employment Change to be announced at 12:15pm GMT with forecast value 192K against previous 139K.

USD/CHF Today

EUR/JPY Trend and FOREX Forecast For January 24

Browse by EUR/JPY and the forecast for January 24.

According to preliminary expectations, yesterday the pair worked price rise to the calculated resistance zones, providing those who follow my recommendations, a decent profit in the amount of the price figures.

At this time, all the upward correction has finished appearance as in its internal structure, and the degree of the minimum required elongation.

Throughout the second half of yesterday quotes couples vigorously moved down, starting to form a potentially bearish reversal design.

Pre it may indicate that the internal correction downward trend wave larger scale (as of 12/27/13) completed and began his formation down the final portion of the trend wave. Simply put, the expected short-term trend change in the direction of the flat in the corridor senior TF sized diurnal variation of the pair to deliberate descent prices.

To complete the formation of topping zigzag this is only speculation. Elongation up the final part of bullish correction can not be excluded yet.

In the next session we expect the weak sentiment in ascending to the flat nature of the pair fluctuations. Do not rule out pre- small probability of pressure on the support area.

Support area:- 141.15/140.90, Below today do not wait.

Resistance zone:- 141.75/95-142.30/45 (achievement zone unlikely today) Above in the day did not expect.

Trading recommendations: Situation likely change the direction of short-term trend. Beginners recommend avoiding trade transactions. In the presence of skill in flat lot may be limited to the purchase transaction with the potential to counter a potential reversal zones.