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Technically: - on the daily Frame pair broke last week bearish trend line and closed above despite the breakthrough dramatically.
Where it remained closures daily candles highest breached the falling trend line from the pair, referring to the desire to continue to climb.
So I think that the continuation of trading and closures of the highest daily candles falling trend line breached will pay for more
Climb towards the next resistance located around the 135.30 price and almost associated with almost 38 Vebo.
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Trading Signal - 07/05/2015 - 10:00 (GMT +3)
Instrument: EURJPY
Time : 60min CHART
Trend & Condition : Upwards Strong
The TP1 has been reached. We closed 50% of our position and have moved the Stop loss at the lock in profits level (134.87).
Provided the market conditions will remain the same the TP2 will be reached soon.
Support & Resistances :
135.10 136.00
134.70 136.50
134.10 137.30
http://dl.dropbox.com/u/51561036/scr...507-232315.png
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Technically the daily chart shows that the EUR / JPY EUR / JPY has turned downward sharply, rebounding from new highs for 3 months at 135.99 levels. The pair remained at the intersection of an enhanced 5-DMA and the trend line support around the 134.60-134.50 area. "
RSI at 71.13 daily targets downward, stable at the height of overbought area and suggests that the EUR / JPY EUR / JPY is still vulnerable to further downside risks.
The main support for the lowest penetration may fall to 134.50 immediate support at the handle 134. penetration lower handle 134 may open the door to retest the 10-DMA at 133.40 and the lowest at this 100-DMA located at 132.20.
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New pair price positive attempts by reaching the level of 135.70 and get rid of the negative impact of its shown persistence above the level of 133.50, mention the stability of the main objective nearby for the period around 136.70 due to the composition of 23.6% Fibonacci (high price level of 94.64 and scored to level summit at 149.56).
Stuck Stochastic saturation level will support the purchase price for the acquisition of further bullish momentum and confirms the renewal of attempts until the arrival of the previously announced target.
Expected trading range for today between 134.65 and 136.70
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Euro JPY settles around 134.65 yesterday, so we will stay on the positive bias for the next period until the arrival of the main goal and objective at 136.70 and we expect the upside move 100 points.
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pair- eur/jpy
time frame analysis- m15
http://i62.tinypic.com/2nltm6b.jpg
the price movement in the double bottom chart pattern with having the nick line of resistance at 134.80 level. the movement of cci is above the zero level so up movement can setup. long with profit target at 135.50 and stop loss at 134.30
good luck
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The euro weakened against the yen and accelerated to the downside below 134.60. The pair recently scored a new daily bottom at 134.08 and remained near its lowest levels, under pressure as trading EUR / USD EUR / USD below 1.1200.
Technical levels for the EUR / JPY EUR / JPY
To the downside, the immediate support is at 134.00 and 133.70 (the bottom of the May 4) and 133.05 / 10 (the bottom of the May 5). On the other side, the resistance can be found at 134.60 (daily) and 135.00 level (Asian high), 135.35 (daily high).
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Wear a pair price having achieved the level of 136.00 to form us a negative slope momentary influenced by passively Stochastic and who is trying to gather more momentum in its stability below the level of 50, so expect the continuation of price formation either side of a mile until the acquisition of the required torque and then renew his attempt to achieve the main objective at 136.70.
Note the importance of price stability above 133.50 to prevent the extension of trading negative towards the moving average of the test, which will postpone the bullish outlook.
Expected trading range for today between 133.60 and 136.70
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eur/jpy euro ki wajah se kaafi up hua,esne wpward me saare levels break kardiye hai aur abhi esme upward he hai har chart time frame par esliye aap esme bilkul bhi short karke na chalein..
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I think that we should wait until the price break the support level at 133.52 then we get in short position with take profit at 131.31.
http://img.prntscr.com/img?url=http:...om/ffwFNka.png