Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Key Resistance Levels: 132.00, 133.00, 134.00
Key Support Levels: 129.00, 128.00, 126.00
EUR/JPY Price Long-term Trend: Bearish
EUR/JPY pair is in a downtrend as it faces rejection at 137.88. Today, the bulls are attempting to break above the 21-day line SMA. The Yen will regain bullish momentum if the price breaks above the moving average lines. Nonetheless, the selling pressure will persist if the pair turn away from the 21-day line SMA.
Daily Chart Indicators Reading:
The Yen is at level 50 of the Relative Strength Index for period 14. This implies that there is a balance between supply and demand. The price bars are below the moving average lines indicating a further decline of the pair. The 21-day line SMA and the 50-day line SMA are sloping southward indicating the downtrend.
EUR/JPY Medium-term Trend: Bullish
On the 1- hour chart, the Yen is trading in the bullish trend zone On the August 16 uptrend, a retraced candle body tested the 61.8% Fibonacci retrenchment. The retracement suggests that EURJPY will rise to level 1.618 Fibonacci extension or level 137.81.
4-Hour Chart Indicators Reading
The pair is above the 80% range of the daily stochastic. It indicates that the market has reached the overbought region. The price bars are above the 50-day line SMA and the 21-day line SMA indicating a possible upward move
General Outlook for EUR/JPY
EUR/JPY is in a downtrend as it faces rejection at 137.88. Presently, the Yen is trading in the overbought region of the market. Sellers will emerge in the overbought region to push prices down.
You can purchase crypto coins here: Buy LBLOCK
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus