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.
EURJPY Price Analysis – January 31
The best tone surrounding the European currency is to keep the rebound in EURJPY to the 120.40 regions, not far from where the initial supply barrier is at the 120.17 level.
Key Levels
Resistance Levels: 124.31, 123.37, 122.87
Support Levels: 120.17, 119.99, 115.83
EURJPY Long term Trend: Ranging
In the larger structure, EURJPY remains fairly in the decreasing pattern established from 127.52 (high). The advance from level 115.83 is seen as a corrective movement. A solid resistance can be observed in the decrease in resistance to contain the positive side.
However, the sustained rupture of the horizontal resistance may have a greater bullish implication and approach the key resistance of 127.52 below.
EURJPY Short term Trend: Bearish
EURJPY remains in consolidation from the 119.66 level and intraday bias remains neutral initially and the advance may be contained by a resistance lower than 120.67 level to mark the beginning of another decline.
The corrective advance from the 115.83 level must be completed at the 122.87 level, in the bearish pattern scenario of the daily RSI, a 119.66 level break can approach the break at the 115.83 low level. However, the breakdown of level 121.47 can dampen this bearish view and alter attention again to level 122.87.
Instrument: EURJPY
Order: Sell
Entry price: 120.67
Stop: 121.47
Target: 120.17
Note: Learn2Trade.com 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
