Eur/Jpy

[kanji200]

This trading instrument closed at 134.34 on Friday, during a minor southward correction in the price. In the presence of the strong bullish outlook in the market, it is normal that the supply zone at 135.00 would be challenged very soon. There is a demand zone at 134.00

[kanji200]

There is no vivid gap on this currency instrument, but it is more likely that it would go in the way of most JPY pairs. The RSI period 14 is above the level 50 and the EMA 11 is above the EMA 56; plus price action, it is more likely that the price would trend upwards.

[kanji200]

This currency instrument has been able to retain its northward outlook despite all. However, it is advisable not to take a position until the signal becomes clearer. The RSI period 14 may cross back above the level 50 to support a northward outlook; or the price may cross the EMA 56 to the downside to jeopardize the northward outlook

[kanji200]

In spite of the recent momentous volatility on this market, it was able to check any bearish attempts on it. The price moved upwards by 115 pips on Monday, resulting in a Bullish Confirmation Pattern which portends a bullish bias

[kanji200]

This pair has rejected the recent bearish threat on it. The price moved upwards on Monday, breaching the resistance line at 1.3250 to the upside and trading above it. The Williams’ % Range has supported a bullish signal, but the EMAs are yet to do that, and therefore, it would be nice to wait for a confirmation of the new bias before opening orders

[kanji200]

From the supply zone of 132.00, the cross has nosedived by almost 200 pips. This price action is a serious threat to the bullish outlook, which would be rendered invalid should the price go further south.

[kanji200]

This cross trended upwards significantly yesterday, and later trades sideways. Like all other JPY pairs, there is also a primary bullish trend here, and the expected breakout would probably be to the upside. A short-term target for buyers is at the supply zone of 132.00.

[kanji200]

There is a bearish outlook here, and the price would probably keep on going downwards this week. The simple fact is that the EUR is weak and the s strong. Therefore the price could go further reaching some demand zones of successively.

[kanji200]

his currency instrument – though a di0fficult market has now produced a kind of clear signal. It shows a northward possibility, perhaps towards the supply level at before any serious r Long position could be opened with small sizes and tight stops.

[kanji200]

There has been a consolidation to the downside on this cross. In spite of the recent sideways movement and bullish attempt, the bearish outlook remains a valid thing. On the chart, it can be seen that the price has been trending downwards, reaching out towards the demand zone a