I think this pair is really having issues with its movement because of what we are currently facing on EUR/USD, that pair is also very indecisive and it's affecting EUR/JPY's movement too.Quote:
Originally Posted by mithunkhan
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I think this pair is really having issues with its movement because of what we are currently facing on EUR/USD, that pair is also very indecisive and it's affecting EUR/JPY's movement too.Quote:
Originally Posted by mithunkhan
Analysis result EUR JPY 24-01-2013
SIDEWAYS, DOWN TREND (WEAK)
Signal 20 pips : SELL @ 117.60 Set S/L @ 117.90 Set TP @ 117.40
Signal Breakout : SELL @ 117.40 Set S/L @ 117.70 Set TP @ 117.20
Reversal Prediction LOW : 116.78
eur/jpy technical analysis on 24.01.2013 on h4 timeframe based on adx
adx : 29.8130
+di : 16.5815
-di : 18.8918
time : 0400
Daily analysis for the pair of EURUSD yen , Euro yen today broke through resistance at 118.50 and is now in front of strong resistance at 119.10 expect will not give it back I am still expecting the euro yen climb still rally list does not advise selling
sell eur/jpy at the level 119.08 with targets at 117.78 and 116.96, but in case of breaking the level 119.81, then buy at this level with targets at 120.68 and 121.20
http://i46.tinypic.com/33zfa6p.gif
THe pair rebounds after touching the main support line of ascending channel which negates our bearish scenario as we expected yesterday. If the pair is stable above 118.00 levels than the pair could extend bullish trend. According to my chart analysis, I prefer to buying the pair above 118.80 with targets 119.20, 119.75 then 120.35 and stoploss with four hour candle closing below 118.00.
Resistance level at 120.00 makes the price formation of a negative slope up which price to the level of 116.50, which constitutes an obstacle to the bearish trend.
eurjpy set simply bounced from the assistance 114..
i do think now the time for this set to go up into.. it could be purchased from in this article until finally 117..
thsi set just isn't displaying an excessive amount move.. nevertheless for now the alerts tend to be advising for this very much simply.
Technical Analysis EUR yen Pair today also alerted morning he still has the rise and the pair broke through resistance at 118.53, 119.06 and 119.80 and is now in the process of resistance at 120.67 on the four hours I think possible bounce him, but I still see him rise and God knows