steam per hour chart has formed "an inverted head and shoulders" reversal formation began this work out, have broken through the neckline and the pair opened up a path at least to the level of 101.80 (subject to overcome the 200 MA).
steam per hour chart has formed "an inverted head and shoulders" reversal formation began this work out, have broken through the neckline and the pair opened up a path at least to the level of 101.80 (subject to overcome the 200 MA).
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I think the bearish movement on EURJPY still strong enough. Now, EURJPY almost touch and move near the support level at 100.43. If EURJPY can break this support level, I think EURJPY has a big opportunity to fall and reach the lower support level at around 99.49.
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i think Eur/JPY will be down...maybe in level area support fresh will be break. so i will buy...think so far so best to buy...if fresh support in break maybe best full buy. low risk and high reward.
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Spoiler:
At the H4 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
RECOMMENDATION: SELL
Take profit: 99.85
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Same movement seen in 3 indicators for EURJPY movement today; GMMA with his two EMA groups showed that prices in the near future will likely signal a decline, although the significance level is still not very strong; MACD it shows the same thing with GMMA, but with a stronger level of significance, with the indicator area figures moving toward zero (0); Stochastics similar to the MACD is also showing strong indications that the number of indicators to try to penetrate into the area 20. If confirmation of the decline occurred during the day, then the range of support will be recorded in the areas of 100.29 (38.2% Fibonacci retracement), 99.68 (23.6% Fibonacci retracement) and 98.68 (0% Fibonacci retracement). However, if the opposite happens then it will be recorded in the resistance range of areas 100.79 (50% Fibonacci retracement) and 101.28 (61.8% Fibonacci retracement).
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Hamzagoroo (2019-04-07)
Eur/jpy buy above 101.219 with a target of 101.600[COLOR="Silver"]
[SIZE=1]---------- Post added at 03:47 AM ---------- Previous post was at 03:46 AM ----------[/SI
---------- Post added at 03:50 AM ---------- Previous post was at 03:47 AM ----------
EUR/JPY SELL BELOW 100.727 WITH A TARGET OF 100.350
Base on 30M GRAPH
Last edited by amni570; 2012-10-10 at 09:19 AM.
Eur/jpy technical analysis for 10.10.2012 by using : Auto pivot indicator.
resistance 3:102.90
resistance 2:102.39
resistance 1:101.61
pivot point :101.10
support 1:100.32
support 2:99.81
support 3:99.03
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Hamzagoroo (2019-04-07)
Eur/jpy hold in monthly pivot level (100.66) after felt down from weekly pivot level (101.70) yesterday. Price felt down from highest level (101.83). if this condition still continue in this day, price predicted to touch psichological point 99.82.
Hamzagoroo (2019-04-07)
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Hamzagoroo (2019-04-07)
Elliott: flat correction down 100.94
It is likely to fall towards 101.36 - 100.97 as its corrective rally could falter in 102.05 - 102.35 area. Stop above 103.12 zone.
Warning: Imminent end of bearish move
Technical points
Key point 101.3500
Entry point 101.9300
Elliott 102.8000
Closing 101.5900
Projection 100.9400
Trendline 102.5100
Trendline 102.2100
Supports / Resistances
Res 2 103.1200
Ex-High 102.5100
Res 1 102.3500
Pivot 101.7400
Sup 1 100.9700
Ex-Low 101.1300
Sup 2 100.3600
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