The trading range for today is among key support at 100.75 and key resistance now at 103.60.
The general trend over short term basis is to the upside targeting 109.15 as far as areas of 98.75 remain intact with weekly closing
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The trading range for today is among key support at 100.75 and key resistance now at 103.60.
The general trend over short term basis is to the upside targeting 109.15 as far as areas of 98.75 remain intact with weekly closing
Couple just managed to break through the resistance of 102.78 almost effortlessly keep buying, now the way is open to the north in the flesh Resistance 103.73 which is my main goal.
by my Ichimoku Kinko Hyo i buy eur/jpy now and my profit at 105.02 good luck
eur / jpy pair could overcome sloping resistance line on the daily chart also occurred retreat and consolidate above the moving alligator, which indicates the strength of bulls, now we need to wait for the correction and buy it.
EUR/JPY
SELL
Enter :- 101.960
TP1 :- 101.380
TP2 :- 100.802
SL :- 103.125
Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend
eur/jpy technical analysis by using : average directional movement index
+di : 25.5928
-di : 13.7859
adx : 57.0461
timeframe : 1 hour
time : 1700
date : 16.10.2012
Last weeks high is broken upward by this pair and so the it is the right time to look to long the pair with possible targets around the 1.0324 level. For long term traders though there does not look much upside and so we can expect to see a drop soon.
The trading range for today is among the key support at 100.75 and the key resistance at 103.60
The short term trend is to the upside target at 109.15 intact 98.75 weekly closing
Now it price is 103.03 & it best price for sell order so anybody choose it for sell order for profit. try it & it best for profit. you can collect update news for price rate.
As we can see on the chart, EURJPY has broken the resistance level at 103.18. I think this breaking will open a way for EURJPY to continue going up and this pair has an opportunity to reach the next resistance level at around 104.08. Yeah, the up trend still strong enough :happy:
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