EUR/JPY

Market Opportunities - 09/01/2020

09 January, 2020 Research Department

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

EUR/JPY uptrend opportunity based On 1.00 Lot Calculation:

The safe- haven yen remained under pressure on Thursday after US President Donald Trump said in a statement to the American nation yesterday that the United States did not necessarily have to hit back after Iran’s attack on military bases housing U.S. troops in Iraq. Mr. Trump said that only economic punishing sanctions would be imposed on Iran, which has calmed down the sentiment, as the two sides appeared to avoid a war conflict. Meanwhile, data in Germany showed earlier today that Industrial Production rose 1.1% in November, beating analysts’ expectations for an increase of 0.70%, which should provide the euro a short- term support.

EUR/JPY, January 9, 2020
Pivot point: 121.45

EUR/JPY	Daily
Trend Direction	UP
Resistance 3	123.000
Resistance 2	122.460
Resistance 1	121.925
Support 1	120.982
Support 2	120.535
Support 3	120.092

Example of calculation base on daily trend direction for 1.00 Lot*

Pivot Points	Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
Profit or loss Short in $	1,430.26	931.98	438.31	-431.85	-844.31	-1,253.09
Profit or loss Short in €	1,286.67	838.41	394.30	-388.49	-759.55	-1,127.29
Profit or loss Short in £	1,098.51	715.80	336.64	-331.68	-648.47	-962.44

* 1.00 lot is equivalent of 100000 units
** Calculations for exchange rate used as of 10:52 (GMT) 09/01/2020
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account Manager regarding their use.
*** Please consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect profit – Ask your Senior Account Manager for more details

Share It With Your Network

Euro - Japanese Yen Chart

Update Time: -

Highest

Lowest

Bid Price Ask Price

1M 5M H D W

Prices are loading..

Other Market Opportunities

Crude Oil 30 June, 2020

Crude Oil downtrend opportunity based On 1.00 Lot Calculation: Crude oil’s upside potential could remain...

Gold 30 June, 2020

Gold uptrend opportunity based On 1.00 Lot Calculation: U.S. Federal Reserve Chair Jerome Powell on Monday (June...

GBP/USD 29 June, 2020

GBP/USD downtrend opportunity based On 1.00 Lot Calculation: Brexit UK-EU trade talks will continue on June 29...

Ready for trading?Start Now

Daily Analysis Daily EU Session & US Session Analysis for CFD Instruments

Weekly Analysis Weekly Overview of CFD Movements

Technical Analysis Trading Central Technical Analysis System

Risk Warning and Disclaimer

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Risk warning Privacy policy

When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses. Conducting transactions can lead to the loss of part or all of the initial investment. Before commencing operations, make sure you understand the risks involved and have sufficient skills to invest.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Risk warning Privacy policy

CFDs and margin FX are leveraged products that carry a high level of risk to your capital. You should only trade with money you can afford to lose. Be Aware: You can lose all, but not more than the balance of your Trading Account. You do not own, or have any rights to, the underlying assets. Past performance is no guarantee of future performance. This information is intended to be general in nature and is not financial product advice. Any advice contained on this website or provided to you by Fort Securities Australia Pty Ltd is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. We encourage you to obtain independent financial advice and consider our Financial Services Guide (FSG) and Product Disclosure Statement (PDS) before deciding to enter into or obtain any financial products issued by us.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Fort Securities Australia PTY. LTD. (T/A Fortrade Australia) | ABN: 33 614 683 831 | AFSL number: 493520.

Risk warning Privacy policy

Fortrade Canada Limited is an Order Execution Only broker, a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). CFD trading is only available in provinces in which Fortrade Canada Limited is authorized, which include British Columbia and Ontario ONLY.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets.

Fortrade Canada Limited is licensed and regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). Company registration number: BC1148613.

Risk warning Privacy policy

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Risk warning Privacy policy

Daily Analysis Weekly Analysis Technical Analysis Micro Analysis Market Opportunities Economic Calendar Forex Tools

Main Site