empty
13.04.2017 12:53 PM
EUR/JPY analysis for April 13, 2017
Open trading account Open demo account

This image is no longer relevant

Recently, the EUR/JPY pair has been trading sideways at the price of 115.93. The analysis from yesterday is still valid. According to the 4H time frame, I found that EUR/JPY is trading in the well defined downward channel and that sellers are in control. My advice is to watch for potential selling opportunities. The first downward target is set at the price of 114.60 (Fibonacci expansion 161.8%). The short-term trend is bearish.

Resistance levels:

R1: 116.35

R2: 116.45

R3: 116.65

Support levels:

S1: 115.95

S2: 115.80

S3: 115.60

Trading recommendations for today: watch for potential selling opportunities.
Petar Jacimovic,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

China Issues a Warning

China has warned countries against making deals with the United States that could harm Beijing's interests, raising the stakes in the ongoing trade war with Washington. On Sunday, the Chinese
Jakub Novak 11:25 2025-04-22 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on November 4th

EUR/USD Analysis: In the short term, the main wave structure for the euro shows an upward trend that started in mid-April this year. Over the last two months, a correction
Isabel Clark 13:37 2024-11-04 UTC+2

Trading Signals for EUR/USD for September 24-26, 2024: sell below 1.1150 (7/8 Murray - 21 SMA)

Early in the American session, the euro (EUR/USD) is trading below the 21 SMA and above the 6/8 Murray, showing signs of exhaustion. The instrument is likely to continue
Dimitrios Zappas 14:47 2024-09-24 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday May 29, 2024.

On the 4-hour chart of the AUD/JPY cross currency pair, you can see the appearance of a Bearish Divergent Bar which is the first Wiseman signal which has angulation with
Arief Makmur 05:56 2024-05-29 UTC+2

EUR/USD kicks off new trading week on positive note

The EUR/USD pair is starting the new week with a positive movement. The rise is supported by the weakening of the U.S. dollar, although it lacks bullish confidence. Ahead
Irina Yanina 13:20 2023-09-11 UTC+2

Technical analysis of Platinum

#PLF: The chart shows the movement of platinum on the hourly (H1) chart. The metal consolidated at the key support level of $983.5. Technical analysis suggests that it will head
08:44 2022-11-28 UTC+2

Fractal analysis of major currency pairs for August 13

For the Euro/Dollar pair, the key levels are: 1.1773, 1.1761, 1.1741, 1.1729, 1.1705, 1.1694, and 1.1671. Here, we are following the development of the downward cycle from July
Daichi Takahashi 11:39 2021-08-13 UTC+2

Fractal analysis of major currency pairs on August 12, 2021

The EUR/USD pair is in correction. We expect the formation of strong initial conditions for an upward trend up to the level of 1.1773. The GBP/USD pair has been moving
Daichi Takahashi 11:10 2021-08-12 UTC+2

Fractal analysis of major currency pairs on August 11, 2021

The EUR/USD pair is approaching the limit value (1.1671). A correction is very possible from the range of 1.1705 - 1.1694. The GBP/USD pair has been moving in a downward
Daichi Takahashi 10:15 2021-08-11 UTC+2

Fractal analysis of major currency pairs on August 10, 2021

The EUR/USD pair is expected to further develop the downward trend from July 30 after the level of 1.1723 is broken. The key intraday support level is 1.1773. The GBP/USD
Daichi Takahashi 10:30 2021-08-10 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.