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 – June 12
EURJPY has tried to retrieve strength after testing the 120.20 regions throughout morning trading and is now trading right beyond 120.50 level. The rebound tends to follow the better tone in market risk developments and further recovery may be well above 124.00 level towards the 2020 highs.
Key levels
Resistance Levels: 126.78, 124.43, 122.87
Support Levels: 120.00, 117.50, 114.85
EURJPY Long term Trend: Ranging
In the wider context, the firm break of resistance level 122.87 indicates that the whole steady decline from level 137.49 (high) has been finalized at level 114.85. At 128.67 next stage, the present rally may soon aim a 61.8 percent retracement from 137.49 to 114.85 levels.
There the continued break opens the way for a level of 137.59 (high). And for now, the horizontal support line (now at 118.52 level) continues to hold intact, as this may continue to be the dominant scenario.
EURJPY Short term Trend: Ranging
The corrective decline from EURJPY’s level of 124.43 stretched to 120.25 level. It started to recover at 120.60 levels after breaching retracement of 38.2 percent from 114.85 to 124.43. Although there’s no clear indication of bottoming.
At 118.52 levels, persistent trading below 120.60 level will clear the path to 61.8 percent retraction. On the upside, however, a break of 122.87 minor levels of resistance will alter bias back to the upside for retesting 124.43 levels.
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
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
