• About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$10,743.21-0.06%
  • ethereumEthereum$355.55-0.45%
  • xrpXRP$0.239824-1.92%
  • bitcoin cashBitcoin Cash$227.03-0.41%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
  • Autotrading
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

EURJPY Price: Double Top Chart Pattern Formed, Price May Fall to $121 Level

The bears are exerting more pressure on EURJPY

Azeez M. Mustapha by Azeez M. Mustapha
November 27, 2020
in Analysis, FX Industry, Regulation
Reading Time: 3min read
Share on FacebookShare on Twitter

EURJPY Price Analysis – November 27

The breakdown of the two dynamic support levels may send the price to the previous low at $122 level. Further increase in the sellers’ pressure may break down the level and the price decline to $121 and $120 level. Above the current price, the levels of resistance were found at $124, $125, and $126 price level.

EURJPY Market

Key Levels:

Supply levels: $124, $125, $126
Demand levels: $122, $121, $120

EURJPY Long-term Trend: Bearish

EURJPY is bearish in the daily chart. On 20 November, the price sits on the support level of $122. The bearish momentum fails and could not break the level downside. The bulls gain more pressure on November 23 and the daily candlestick that emerges engulfs the previous daily candle as an indication of bullish strength increase. EURJPY price increase and hits the resistance level of $124. There is a strong confluence at the level which prevents further price increase. Yesterday, the daily candle was bearish likewise the daily candle that emerges today is bearish which connotes that the sellers are ready to take over the market.

EURJPY Daily chart, November 27

The currency pair is preparing to cross the two EMAs downside as an indication of the bearish movement. The 9 periods EMA and 21 periods EMA are directly in contact with the two EMAs. The breakdown of the two dynamic support levels may send the price to the previous low at $122 level. Further increase in the sellers’ pressure may break down the level and the price decline to $121 and $120 level. Above the current price level is resistance found at $124, $125, and $126 price level.

EURJPY medium-term Trend: Bearish

The bearish movement continues in the EURJPY market. The price action is trying to form a ‘” M” shape pattern. The pair continues to trade within the descending channel formed. The price bounces off the resistance level of $124 and the price is declining towards the support level of $121.

EURJPY 4 hour chart, November 27

The momentum of the bulls is getting weaker and the price is crossing the dynamic levels downside. The price is trading below the two dynamic support levels and the relative strength index period 14 is bending up to indicate a buy signal which may be a pullback.

Tags: EURJPYMarketingTechnical Analysis

Related Posts

Analysis

USDCHF Price Is Struggling to Break Up $0.89 Resistance Level

January 26, 2021
ADAUSD - Daily Chart
Analysis

Cardano Price Analysis: ADA/USD Range-Bound Between $0.32 and $0.38; Price May Move Higher

January 26, 2021
Over 1M Ether Tokens Leave Exchanges, Investors Eye $3,000 ETH Price
Analysis

Over 1M Ether Tokens Leave Exchanges, Investors Eye $3,000 ETH Price

January 26, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About CryptoVibes

CryptoVibes (formerly FXTimes) is a daily Cryptocurrency and Forex industry news website that has covered the latest news in the industry since 2017. Our goal is to drive transparency in the finance industry and provide news for our users on blockchain, exchanges, business and industry regulation.

Trending Topics

  • 5 Quick Ways to Buy Bitcoin With PayPal
  • Bitcoin Revolution Review 2019 : Comprehensive Sign Up Guide
  • Bitcoin Loophole Review 2019 » Comprehensive Sign Up Guide
  • Bitcoin System Review 2019 » Complete The Bitcoin System App Guide
Facebook Twitter Instagram Telegram RSS Youtube

Information

  • About
  • Contact
  • Privacy Policy

Registered UK company no. 11705811. For advertising inquiries please reach us via email hello@fxtimes.com

Note that the content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site.

Newsletter

Like what you're reading? Subscribe to our top stories
Main Bandar Poker Online Merangsangkan Taruhan Untuk Menang Penuh

Kalau Anda mengerti beberapa Main dengan referensi dibawah berikut ini, Anda akan membuat instruksi bikin Dikau buat dapat mainkan bagian pandang pada musuh. Kesudahannya pada saat Anda punya satu kartu yg sedikit untung, tentu saja Kamu dapat mainkan bagian ranggul itu.

Sampai bikin sampar memahami kemenangan Anda tandus langkah mutlak. Tetapi pra Anda mengerti bagaimana mainkan bagian pandang, tentu aja Anda lalu harus bisa terima bagian pandang dari musuh dengan sesuai beserta. Oleh karenanya Anda siap memahami jika pekerjaan ini demikian dapat diuntungkan jika dilihat dari sisi renung yg sesuai dengan. Oleh karena itu, beberapa orang pada Kamu tentu saja sadar jika pekerjaan main poker online demikian dapat digunakan bikin memicu keuntungan lewat langkah kusut. Tetapi sebenarnya pekerjaan ini harus Anda sadari ada sangat banyak strategi didalamnya yg harus Anda dapat aplikasikan.

Beberapa dari Anda pasti saja memahami jika ada keuntungan pada saat tiket besar bandar Poker Online terlihat. Barisan 5 tiket yg terlihat tentu aja ada salah satunya yg besar serta dapat bikin Anda dapat memakai bikin membuahkan keuntungan. Oleh sebab Main Bandar Poker Online itu permainan itu bisa berikan suport Anda memicu keuntungan yg subtansial jika diproses melalui langkah yang sesuai.

Beberapa dari Anda yang tentu memahami permainan ini antara satu yang dapat bawa serta Dikau membuahkan keuntungan. Dimana di saat Anda dapat mainkan bagian pandang dari sampar jika Anda menggenggam tiket yg sama besarnya. Karenanya pada saat kartu As yg terlihat tentu aja akan bikin Anda kian baik bikin kerjakan all in saja. Meski demikian mungkin masih musuh Dikau terlihat namun sebenarnya Kamu dapat membuahkan keuntungan yang semakin besar dengan menggetarkan beberapa musuh.

Trick Berjalan Bandar Poker Online Yang Jarang-jarang Terlihat
Kalau Dikau adalah orang yg seringkali main judi online, tetap saja Anda mengerti Permainan Bandar Poker Online dapat mendatangkan keuntungan yg subtansial. Permainan ini demikian dapat dimenangi pada saat Dikau dapatkan gabungan kartu mengelokkan tinggi bikin dapat mengakibatkan keuntungan yg subtansial. Per judian online dengan menggunakan sajian Poker Online antara wahid yg demikian menarik dalam dunia. Banyak sebagian orang2 yg membuahkan keuntungan daripada permainan ini pada beserta sisi yg dapat beralih jadi seseorang profesional kuat.

Agar Anda dapat memicu keuntungan lewat langkah ruwet. Antara dari Anda seharusnya pahami jika permainan Poker Online dapat berikan suport membuahkan keuntungan kalau diproses dengan strategi yg serasi. Sebenarnya begitu banyak kurang lebih macam yg tidak terlihat oleh banyak sebagian orang2 namun seringkali Anda dapatkan pada permainan ini.

Tata Menang Mainkan Kesempatan Flush
Anda harus memahami jika 5 kartu dengan sekar yg sama tipenya siap membuahkan flush. Oleh kesudahannya Anda harus pahami dan kemudian jika pekerjaan ini siap membuahkan keuntungan yg subtansial kalau diproses dengan pantas dengan. Pada saat ada 3-4 kartu yg demikian dapat termasuk bikin sampaikan suport Anda buat memicu flush, jadi Anda bisa membuahkan keuntungan besar.

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

en English
ar Arabicnl Dutchen Englishfr Frenchde Germanit Italianpl Polishpt Portuguesees Spanish
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.