Forex Education Center-The movement of the price of EUR / JPY This week, for the currency pair Eur / Jpy will most likely be moving like in the picture below, There are two time frames that I used to take this technical analysis and the time frame it is H4 and D1
Based on the H4 time frame then the pair Eur / Jpy will look like this
Based on the H4 time frame then the pair Eur / Jpy will look like this
Based on the travel patterns for the price of the currency pair EUR / JPY on H4 time frame it can be concluded that the pair will encounter situations reborn after this week hit by some of the down trend, although the strength of this reborn not seem so obvious but it can be read that the pair this money will go to the pattern and the price level starting to get to the actual trend.
The pair have a tendency to go to the price level of 137 655 before he would go back to the real price of travel patterns as seen in the chart below D1
It appears the price chart travel patterns that will be addressed by this currency Pair he will make corrections to the price levels INCREASED by 137. 655 then he will continue his journey to the price level of 133 921 as seen in the image above
The conclusion is
Now is the right time to make a Buy transaction because the pair will go to 137. 655 price level before he would go to the length of the trend of the price level of 133. 921
Price movement to UP = 137.655
