EURJPY Analysis
EURJPY Analysis Friday
EUR/JPY-Euro vs. Japanese Yen
Historically, YEN has taken a position as a low-yielding currency. Based on its optimism, EUR/JPY is a good choice for swing traders. However, it is vital to clarify that news flow, economic conferences, speeches, and the Euro debt crisis might trigger unexpected volatility. Being a Friday, markets are a bit slow. Nonetheless, as Analytic Dave, we must provide insights and a daily preview of the market.Support
Support
1: 128.57
Support
2: 128.15
Support
3: 127.30
Resistance
Resistance
1: 123.86
Resistance
2: 130.34
Resistance
3: 130.73
Pivot Points
Pivot 132.66
Support
3: 132.45
Support
2: 132.56
Support
1: 132.63
Resistance
1: 132.73
Resistance
2: 132.78
Resistance
3: 132.89
EURJPY Live Preview
Analysis
Generally,
EURJPY is already at an exhaustion phase. However, bulls are still trying to
push up. Today, there is a high chance that EURJPY might see 132. 839 zone.
Though, in the long term, we are firmly in a bearish trend. Therefore, a SELL
at 132.660 will have the first take profit at around 132. 349. Long term
traders have the opportunity to hold the SELL to the zone below 129.531.
Do
you have contrary or similar reviews, please give your feedback.
Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
