Invest at least $250 in D2T to gain lifetime access to our VIP Signals
Get early access to Dash 2 Trade’s Presale. Buy the D2T token now
Existing community of 70,000+ traders
Unlocks access to the leading crypto trading analysis, signals and trading tools
As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more
World class development team backed by Quant developers and VC investors
EURJPY Price Analysis – October 18
The Euro had gained positively against the Japanese Yen for 7 days in a row after the market confirmed its breakout through the prior sessions following the upward advance to end the week higher. And in the next session, the exchange rate may likely continue to trade in the ascending trend.
Key levels
Resistance Levels: 124.31, 123.37, 121.50
Support Levels: 120.01, 118.80, 117.08
EURJPY Long term Trend: Bullish
The FX pair is up from the low at the start of the month in large part due to rallies in 7 of the past 8 trading days. And the potential target for the pair today would be at the 121.50 area.
On the contrary, the price of the EURJPY might reverse from the current price level at 121.07 and mildly retrace downwards towards the level at 120.01 area during the next trading session.
EURJPY Short term Trend: Bullish
On the flip side, the intraday bias for the EURJPY stays on the upside in this zone. Meanwhile, the firm break of the level at 118.80 to 120.01 from 117.08 at 121.07 may proceed for the level at 121.50.
However, on the downside, the break of the level at 119.40 minor support may shift the intraday bias neutral and cause solidification around that zone, before activation of another rally.
Instrument: EURJPY
Order: Buy
Entry price: 120.78
Stop: 118.80
Target: 121.50
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
- 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
