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trend for the JPY gained new ... a couple of revolutions drew a new high and now rolls back to the support level 109.50 ... basically couple already went fine and now expect to be a strong movement is not necessary ... but if the trend is really very strong .. . it can and make a jerk ... so I'm in a turn to the north, but if you trade cautiously and large lot for the deposit ....
Now see euro-yen pair moves passively since morning and is near the level of 109.60 and cleats, made his first pair around 109.30 and is now in a downward correction phase to achieve the second objective about 110.45
Support 107.95
Resistance 110.8
Time frame- H4
stoch indicator is right now in over sold level and price level 110.05 is also offering a good resistance that is not breaking. right now price start to falling if it close below the 109.18 and stoch come out from the oversold range we can short the pair with 108.32 take profit and stop loss is 110.05
EURJPY still moving statements for the time being, but the hourly chart we see a bullish formation, the breakout above the double top at 109.98 prices tend to lead to 110.25.
Yesterday, EUR/JPY dipped to Thursday's lows at 108.64 on Yen strength during early London session, just to reverse course and test again previous highs around 109.50/40. According to FXWW founder Sean Lee, the cross “will run into heavy sell orders between 110/111,” as today is last day before general elections in Japan this Sunday.
EURJPY has broken resistance at 108.00. Overbought conditions in general and strong resistance at 111.44/111.60. EURJPY has moved on a long-term downtrend in favor of strengthening the long-term towards the major resistance at 111.60.
Support: 108.71
Pivot: 109.63
Resistance: 110.56
trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel buy
20 day MA VS Price buy
20-50 Day MACD oscillator buy
20 Day Bollinger Bands buy
Technical Analysis for EURJPY 100% Buy
Eur-jpy
eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only
---------- Post added at 10:21 AM ---------- Previous post was at 09:58 AM ----------
Eur-jpy
eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only
eur/jpy market analysis of last day by using moving averages
ema10: 107.9859
ema20: 106.8805
ema50: 104.7763
timeframe : 1 day
Eur-jpy
today eur/jpy will moving up after 114.94. and it will go up to 115.35
i am giving a buy order now. current price114.94
you may take profit minimum 30 pips and stop loss also 40 pips.
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