Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
EUR/JPY: on the way up

EUR/JPY: on the way up

Information is not investment advice

EUR/JPY is likely to move further within an uptrend. The cyclical movement is clearly shown on the 4-hour chart. It has been climbing up since June 22 with short corrections. It’s widely expected that the story can repeat again this time. However, the pair may meet the resistance at 121.50. Wait until it crosses this level, as it will clear the way upwards to the next resistance at 121.85 near the 50% Fibonacci retracement level. Look for support levels at 121.00 and 120.70.

Trade idea for EUR/JPY

BUY 121.55; TP1 121.85; TP2 122.50; SL 121.40

EURJPYH4.png

LOG IN

Similar

NZD/USD: is the correction over?

Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.

Popular

COVID VACCINE KEEPS TRADERS OPTIMISTIC

Futures tracking the S&P 500 index hit a record high on Tuesday as investors shrugged off simmering US-China tensions to bet on a stimulus-led economic recovery from the COVID-19 pandemic.

Exuberance and Optimism Keep Going

Russian health ministry has approved coronavirus vaccine developed by Moscow's Gamaleya Institute. He hopes Russia will start mass production of coronavirus vaccine very soon.

Choose your payment system

Learn more