Thread: Eur/Jpy
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The pair analysis at the last week are showing the pair are still on bullish trend. The pair may continue the bullish trend if the crucial price at the pivot level on 129.45 are not passed. The pair may target the strong resistance at 132.00, if it was passed the bullish trend will rally more far on the next week.
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Pair has managed to 128.60 several times And it is clearly mentioned in the chart But I would think 130.56 will hold and rally
And if we manage to break above 130.56 Then I will look for a test of 133.81 Because I would be short term bullish in the pair outcome
But we need a clear break of 128.80 and then 127.00 for a test of 124.96 area And then we will short there for a powerful decline for the pair
regards
Check the chart
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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.
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.
Hi All,
My preferance for the next week for Eur/Jpy is to buy from 129.62 and to stop loss at 128.62,
first take profit is at 130.00 and second at 130.33.
Good luck in trading![]()
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 last day market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 10.48
+di : 16.67
-di : 22.28
adx(21) levels
adx : 9.21
+di : 14.06
-di : 19.63
time : 2300
date : 13.07.2013
timeframe : 1 hour
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.
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.
At the 4-hour chart perfectly visible converging triangle, square, and this figure to determine the future direction of the breakout should wait for one of the boundaries of the figure, most likely it will be the northern boundary as it is short-term, this will open up 131.10.
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elliott common flat correction up 130.56 current up move should be endd around 130.02 - 130.48 any correction consolidation should find support in 129.13 - 128.70 zone
support and resistances
res2 131.35
res1 130.48
piovt 129.57
sup1 128.70
sup2 127.78
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