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\\\\Bulls once again took the initiative and are now diverting couple north again, the course has just managed to break through the upper area of the fractal (117.70 resistance) but has an additional signal for the resumption of the northern trend to wait breakthrough blue alligator sliding and normal capacity above 117.70 mark.\\\\
I think that this pair will hit 1.21 until end of this month. Thanks to BOJ meeting next week. + EUR/USD buying
so now some signs of a reversal ... pair made a double top, and now the price is fixed below the level of 118.00 ... so if you see technically we can say that now must hang up and the pair will move towards 115.50 ...
For the euro yen today rebounded from strong support at 116.60 expect now Les rise to 119.00 and rebound, but before boarding possible descend testing 116.60 and then climb
On the daily chart, EURJPY looks move up to touch MA 7 at 117.99, if the pair can break this line, it is possible to go up towards 119.20. But if it fails to break the line, EURJPY will potentially down towards 116.10
As we can see on the chart, EURJPY is moving near the resistance level at 118.17. If I see the current candle on H4 time frame, I think EURJPY has a big probability to break 118.17 resistance level. Then, if that happen, I expect EURJPY will go up to the higher resistance level at 118.79.
Eur / jpy जोड़ी बुधवार को सत्र के दौरान गिर गई, लेकिन पर्याप्त समर्थन 116.50 के स्तर के आसपास सही क्रम में एक हथौड़ा फार्म पाया. हमें लगता है कि 120 स्तर की दिशा में एक और रन होना चाहिए, और के रूप में लंबे समय के रूप में हम 115 के स्तर से ऊपर हैं हम मानते हैं कि यह एक "केवल खरीद" बाजार के प्रकार है.
On the hourly chart, the price is below the 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
50 RSI cross the line below area 50 ,indicates the trend is still down
Recommendation: SELL
Take profit: 114.74
SL: 118.26
short positions at 118.00 with 117.60 and 117.10 as next targets
the breakout of 118.50 will call fro arebound towards 119.00
EJ will likely continue the trend of the previous day, if you look at the pattern of the candle and the unstable economy of Japan. BOJ has not yet determined what policy will be taken, despite the threat of Shinjo Abe as the new prime minister. If there is a correction, not going too far.
Spoiler: