EUR/JPY Forecast: Buy on dips

EURJPY 19th May, 2015

EUR/JPY continued the rally to 136.97 and then fell hard after greece’s topic came up to the surface again. Currently testing its minor support around 133.90EUR/JPY still has a space to continue the suspended rally to test 137.75 or above. Personally, I think that sideline moves might conquer this pair for the next few hours. However, the moves will be very choppy so, take care from your entry points. The downtrend clouds are getting back too quickly, take care!

The EUR/JPY has the following major resistance and support levels:

  • RESISTANCE: 137.95
  • SUPPORT: 126.03

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 137.60 – Take profit 136.10 (150 pips profits)
  • Buy: at 132.50 – Take Profit 133.50 (100 pips profits)
  • Buy: at 134 – Take Profit 135.50 (150 pips profits)
  • Buy: at 133.5 – Take Profit 135 (150 pips profits)

This review is valid during trading week: 19th-22nd May, 2015

EUR/JPY Forecast: Starting (May 2015) with potential rally to resistance

EURJPY 5th May, 2015

EUR/JPY Analysis

EUR/JPY had a rally to 135.40 (exactly as I expected in this post). EUR/JPY found 135.40 resistance hard to break and it fell hard again to test 133.10 level. Personally, I think that sideline moves will rule this pair for the next 48 hours from 133-135 and with the NFP on friday, we can see this pair giving a test to 137.30 resistance level. The downtrend clouds are still there so, watch out your steps as always.

The EUR/JPY has the following major resistance and support levels:

  • RESISTANCE: 137.30
  • SUPPORT: 126.03

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 137.10 – Take profit 136.10 (100 pips profits)
  • Buy: at 132.50 – Take Profit 133.50 (100 pips profits)
  • Buy: at 134 – Take Profit 135 (100 pips profits)
  • Buy: at 133.5 – Take Profit 135 (150 pips profits)

This review is valid during trading week: 4th-8th May, 2015

EUR/JPY Forecast

EUR/JPY Forecast: Still tempting to buy but, for Limited uptrend

EUR/JPY 17th April, 2015

EUR/JPY Analysis

EUR/JPY took another dip even it seems to be building a bullish trend as I’ve mentioned before in this post. EUR/JPY broke the strong support around 126.89 and found another support around 126.03 which seems to be the bottom line for the moment. Personally, I am still convinced that it will take a nice ride to 130 level. However, I am a little bit afraid from downtrend clouds. But, I will take the risk again and recommend to buy EUR/JPY between 126 to 127 and to take profit around 133 level. No need to mention that 135.40 is still potential target for this rally so, watch out your steps.

Important Note: In the previous post, if you followed my advices – you can see that you lost 50 pips in the 2 buy trades (100 pips in total) and won (110 pips) in single sell trade, if we sum up total pips, you won +10 pips. I’m mentioning this to make sure that everyone knows that even when my advices are not correct. You will be a winner!

The EUR/JPY has the following major resistance and support levels:

  • RESISTANCE: 135.40
  • SUPPORT: 126.03

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 130.10 – Take profit 129.5 (60 pips profits)
  • Buy: at 126.5 – Take Profit 128 (150 pips profits)
  • Buy: at 127 – Take Profit 130 (300 pips profits)
  • Buy: at 127.2 – Take Profit 129 (180 pips profits)

This review is valid during trading week: 20th-24th April, 2015

EUR/JPY Forecast: Tempting to buy

EUR/JPY forecast 2nd April, 2015

EUR/JPY is one of the most exciting pairs during 2014 and 2015. This pair moved within +2000 pips in less than 6 months drived by the EUR/USD and USD/JPY moves. Personally, I watched this pair and could not take the risk to trade it during the last 3 months. The risk was extremely high and the moves were wild like the angry volcano. However, these days I feel that it is the time to take some risk and jump into action. We had 3 weeks of bullish moves and this is a well-defined support around 126.89 level. With the Non-farm payroll tomorrow, I can tell that we are about to see a real trial to test strong resistance like 135.40

As I mentioned before on this USD/JPY reviewNon-farm payroll expectations are high. On 3rd April, 2015, everything will be clearer than now. Let’s take some risk and see how it goes tomorrow!

The EUR/JPY has the following major resistance and support levels:

  • RESISTANCE: 135.40
  • SUPPORT: 126.89

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 128.10 – Take profit 127 (110 pips profits)
  • Buy: at 129.6 – Take Profit 131.6 (200 pips profits)
  • Buy: at 130 – Take Profit 131 (100 pips profits)

This review is valid during trading week(s): 2nd-10th April, 2015