SubscribeJust last week the pair is confident fixed above 101.30 resistance is now gone south course correction (which was to be expected after such a strong growth), I'm still waiting confidently deeper southern wave.
Thread: Eur/Jpy
Just last week the pair is confident fixed above 101.30 resistance is now gone south course correction (which was to be expected after such a strong growth), I'm still waiting confidently deeper southern wave.
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trading plan 17/09/2012 eur/jpy
after a sharp upward trend this week .. will coreksi tendency towards price before continuing trend up ...
if price penetrates try trendline price correction over the
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th .. that's almost tore kickbacks ... and closing the week again under the maximum price ... Monday is usually ren down and some consolidation is defined so that signs of a reversal, or you can count on a further continuation of the trend ... so I'm waiting for the level of support that the pair will keep the time schedule
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EJ is on daily 200 ema max it can go is 101.20
so stop buying now and wait for the reversal to happen i think reversal will be really strong now
it has also reached the daily tf resistance of 101.10
Last edited by yogesheena; 2012-09-14 at 09:16 AM.
EUR/JPY remains on the upside and current rebound from 94.11 should extend to 38.2% retracement of 111.43 to 94.11 at 110.72 first. Break will target 101.62 key resistance next. On the downside, below 99.59 minor support will turn bias neutral and bring consolidations. But retreat should be contained above 97.98 support and bring another rally.
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The trend of the market took its toll and the couple went to the top ... now we can see a very clear parameters on the nearest trading day is a pronounced trend to the top, and a good support at 99.80 ... so that from this level you can try to try to catch the movement with the goals to 101.30 ...
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i think that we should wait until EURJPY reach the resistance level on the daily chart @38.2% then we can sell this pair after that our target point will be @23.6% as we have a support level @ this level.
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EUR / JPY on the daily frame, we find that the pair rose yesterday strongly and closed above 76 fib levels at 99.52 for the pair continues today toward more climb better to wait close candle week to determine the likely direction for the next week
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
EUR / JPY also predicted in my last response on this pair fell today until the next support level at 97.95 and was unable to break back then for the rise strongly prohibit He now consumption above fib closing 61 day above this level means more to climb
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