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 – May 14
On Friday EURJPY pair, the euro surged 70 pips, or 0.45 percent, against the Japanese yen. The surge was supported by the overall positive sentiment surrounding the Euro on progressive vaccination of the eurozone and challenges of virus spread limiting the Japanese economy. Although at overbought zones at 132.84 level, the EURJPY continues with the upside run.
Resistance Levels: 134.00, 133.50, 133.00
Support Levels: 132.50, 132.00, 131.50
EURJPY Long term Trend: Bullish
After breaking the horizontal resistance level at 132.50, the EURJPY has made another bullish break past the prior high at 132.73 level. However, the price action is approaching a vital resistance zone at the 133.00 regions. As a result, depending on how price reacts to support and resistance levels, this chart analysis can reveal both bullish and bearish scenarios.
The completion of the bullish surge could be confirmed by a bearish breakout below the horizontal support level at 132.00 level. A strong bullish breakout at the 133.00 horizontal resistance level could signal further upside and sustain the bullish scenario. The overall bias remains positive as the pair trades above moving average 5 at 132.20, indicating that the cross’s outlook remains positive.
EURJPY Short term Trend: Bullish
The EURJPY’s intraday bias remains strongly to the upside, and range trading from the 132.50 high may continue beyond 133.00 high. However, if the 133.00 resistance region holds intact price retracement is anticipated within this session or the next.
On the upside, a break above the high at 133.00 may relaunch the uptrend from 132.00, with a 100 percent projection of 129.56 to 132.36 from 131.00 at 133.50 levels next. Meanwhile, the 133.00 level’s resiliency can shift the bias to the downside, implying a deeper drop to the 131.00 support level.
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
- Min Deposit
- 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
- The Lowest Trading Costs
- 50% Welcome Bonus
- Award-winning 24 Hour Support
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus