mostley what happens =in the forex market i know is trying as much as possible to become better in the market and trying as much as possible to be the best person in the market and that way i know i can be sure you will make it very well.
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mostley what happens =in the forex market i know is trying as much as possible to become better in the market and trying as much as possible to be the best person in the market and that way i know i can be sure you will make it very well.
sell eur/jpy at the level 119.38 with targets at 118.11 and 116.95, but in case of breaking the level 120.03, then buy at this level with targets at 121.74 and 122.30
The pair traded price during the Asian passively 119.20 price remains consistently above the support level of 118.00 and our expectations down the pair in the long intraday target Fibo 61.8 at an initial level of 118.30 as a target for the pair
Support 117.55
Resistance 122
Pivot 119.05
eur/gbp technical analysis by using : adx
adx : 31.9618
+di : 7.0455
-di : 15.9674
timeframe : 1 hour
date : 21.01.2013
pair formed a descending channel course now ****ually coming to its upper boundary around which also goes by the horizontal support level of 119.50 is the approach to the mark and I will sell because if you look at the 4 hour chart - now worked through a bearish divergence MASD.
Decided to just add one more sale at eur / jpy as the pair continues to fall and the next strong support level is near the 117.00 level (there is a horizontal medium level), power reserve of steam still has and the time schedule for the formation of significantly lowering fractals which indicates selling pressure on the course.
EUR/JPY is turned neutral first for some consolidations. Break of 116.46 support is needed to signal short term topping. Otherwise, outlook stays bullish. Though, break of 116.46 will bring deeper pull back to 113.54 support and below before staging another rally.
Market Monday so nothing special and was not surprised that the couple can be seen only continues to trade below horizontal 119.60 ... and like as there is a trend line down on hourly chart, so tomorrow is expected that the pair will fall slightly below the 119 figure ....
On a daily chart, EURJPY still cannot break the 7 period MA, the major trend is still bullish, so we will wait how the pair will react to MA line. If the pair is rejected by MA, then it is possible to rise again towards 120.24, anyway if the pair can break MA line -119.22, then the pair may continue down towards 118.35