Thread: Eur/Jpy
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the pair and as we can see from the chart has closed it's weekly candle above the level of 130.81 , so , that's mean the up trend is still standing and the pair is heading to 131.50 then 132.60
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On the long timeframes that i am using like Weekly and Monthly Timeframes, EJ is set up for a bullish trend. It has also fallen for many weeks now and this is another proof that a reversal is imminent.
Patience is Key.
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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.
Technically: able to EUR yen from penetration levels downtrend on the frame time and closing above candle hour and then went as we expected him and arrived first our goal at 130.20 levels possible closure of half of the contracts and put the moratorium on the entry and Nntzar second goal for the pair at 131.30 levels
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daily forecast
Pair: EURJPY
Major Trend: Bullish
Time Frame: H1
Reason: If the market is not able to penetrate down the center line of Bollinger, then the market will go straight to 130.94, but if it can break at 130.03, then towards 129.55 opportunity, for correction.
Recommendation: Sell stop at 130.03
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The euro rose against the yen during the Asian session on Thursday and that the positive Baadalbeanat that came out of the euro zone yesterday, where the PMI manufacturing Spain issued a high rate of 54.3, also released PMI index of manufacturing Italian on the rise also the impact of 53.3 and a final issuance of the final reading of the index of manufacturing PMI at heights rate of 52.2, and released today at 11:30 am GMT results of the monetary policy committee of the European Central Bank meeting
On the other side of the Japanese economy, the markets saw yesterday from Japan, the release of the industrial and non-industrial Altinkan index where the industrial index steady record by 12-level quarterly Unlike expectations, which had been monitoring a rise to 14 on the same level as the other hand, has non-industrial index recorded a rise of 16 to 19 on the quarterly level and better than expected
Which had been monitoring a rise to only 17 at the same level.
*Technically: trading the EUR yen lows uptrend on the frame time and we believe that the pair is going to break this trend soon after he was able to break the downtrend on Frame Daily and re-tested successfully, but we stay with landing the pair as long as still trading lows downtrend on the frame time and the expected goals We are down the levels of 129.10 and 128.70 levels
In the case of break the trend and closing above Venthol directly to buy a pair strongly to target 130.20 then 131.30 levels
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.
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.
April 1, 2015 update:
The price of the pair moves starting wave (130.26) It is noted that the limits of the line the main direction drawn to this wave along the between-level (129.59) and (129.59 is worth mentioning that the current wave goal access to the area (128.27) and with respect to trades that day will be watching the movement Price among level (128.42) and level (129.34) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (128.61) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (130.26) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (128.27) - the second support (127.62) - First resistance (129.92) - a second resistance (130.91).
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.
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