elliott correction zigzag 121.98 it should test 122.22 area after which a sell off down to 120.96 or extended to 120.39 area is expected
support and resistances
res2 122.21
res1 121,87
pivot 121.30
sup1 120.96
sup2 120.39
Thread: Eur/Jpy
elliott correction zigzag 121.98 it should test 122.22 area after which a sell off down to 120.96 or extended to 120.39 area is expected
support and resistances
res2 122.21
res1 121,87
pivot 121.30
sup1 120.96
sup2 120.39
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EURJPY is touching the resistance level at 121.71 now. Then, if EURJPY can rise and break this resistance level successfully, this pair may continue going up to make a correction movement to the higher resistance level at 122.54. But if fail to break this resistance, this pair may reverse and falling to the support level at 120.96 or lower.
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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.
Eur/jpy analysis for 03.27.2013 by using pivot indicator.
r3: 122.73
r2: 122.17
r1: 121.82
pivot: 121.26
s1: 120.91
s2: 120.35
s3: 120.00
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EURJPY is swinging nicely due to yen strength it gained more than 3% on weekly basis and test fresh low around 120.70 today i would recommend sell at 121.40 with the stop loss above 121.65 and 1st profit target should be around 120.60 and 2nd around 120 mark and than we may have a deep fall towards 117.60. you can use trail stop for big profits in this pair.
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EUR/JPY for today... my analysis is eur/jpy will be down to limit daily moving at 121.00 (this first target) , if eur/jpy can break it so EJ will be go down to limit weekly moving (this second target),,, this my analysis with bollinger band and moving average .. thank and sorry if i wrong.. good luck..
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in the M30 time frame the price is break its supporting trend line. the price is now oversold with stoch and cci indicator. macd indicator is also giving us short signal. the price is supported at the 121.20. we can long this pair with the target at 122.55
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Eur/jpy technical analysis by using moving averages.
date : 03.27.2013
time : 0730 GMT
time frame : 15 min
sma200 : 121.66 signal- buy.
sma100 : 121.48 signal- buy.
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