as we can see the monthly chart down channel and trading under ema50 line althought the last month formed bullish . the bearish intention cant be neglected. the nearest resistant located at 111.50
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as we can see the monthly chart down channel and trading under ema50 line althought the last month formed bullish . the bearish intention cant be neglected. the nearest resistant located at 111.50
the candle of 1 hout now testing the price of moving avrage 15 at the price 107.35 if it close above this price the pair go up but if she close under this line it's go down
If a M15 close above 108 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 105 sell only and do not buy. If price closes back above it again do nothing
The range 108 and 105 is neutral area, any trade done in between is personal decision and not part of this analysis
the chart is showing that he pair has succeeded in breaking the level of 107.00 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 107.70 and then 108.00
If a M15 close above 107 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 105.5 sell only and do not buy. If price closes back above it again do nothing
The range 107 and 105.5 is neutral area, any trade done in between is personal decision and not part of this analysis
The market continues to show signs of the carving of a material base with the latest break back above the 107.50 area triggering an inverse head & shoulders formation on the daily chart which opens the door for a move towards the 114.00 area further up
Pressure returning to the downside with the 106.49 low under threat. Break here will further extend rejection from 111.60 high and target 106.10. Below this expose 105.68 then 105.00 and 104.77 low. Resistance is at 107.75/89 then 108.00/13 area, the latter now seen capping. [P.L]
EURJPY after key interest is released could tocuh major resistance at 104.50 and this will be key point this week or next. If it breaks it will bring 100 level opened to test.
If a M15 close above 107 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 105 sell only and do not buy. If price closes back above it again do nothing
The range 107 and 105 is neutral area, any trade done in between is personal decision and not part of this analysis
EUR/JPY has been up since DOW open. The pair open @107.90 above pivot point @107.48. EUR/JPY might go up until 108.22 or down back to pivot