Analysis result EUR JPY 30-01-2013
UP TREND (STRONG)
Signal 20 pips : BUY @ 122.26 Set S/L @ 121.96 Set TP @ 122.46
Signal Breakout : BUY @ 122.46 Set S/L @ 122.16 Set TP @ 122.66
Reversal Prediction HIGH : 123.27
Thread: Eur/Jpy
Analysis result EUR JPY 30-01-2013
UP TREND (STRONG)
Signal 20 pips : BUY @ 122.26 Set S/L @ 121.96 Set TP @ 122.46
Signal Breakout : BUY @ 122.46 Set S/L @ 122.16 Set TP @ 122.66
Reversal Prediction HIGH : 123.27
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EURJPY is stuck in a range and taking a breather but tomorrow can be very good move for this pair 122.60 is so important if yen again start on weak note than there is clear view for this pair it will rocket toward 124.40 and will post this year high.
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For the second day the pair continues to decline, the rate shot yesterday's low on the daily chart is visible a possible downside, there is virtually void up to the 120.65 mark, and on smaller plots formed a signal to change the medium wave in the direction of the south (intersected by an alligator sliding down) .
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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.
Daily analysis for the pair of EUR yen , The pair break for a day support level at 121.60 expect the pair to 120.96 and landing them will rebound and then saturated propelled RSI index I see that the pair is still in the rally and God knows
Last edited by mahmoud2000; 2013-01-29 at 05:04 PM.
buy eur/jpy at the level 120.04 with targets at 123.13 and 123.81, but in case of breaking the level 120.46, then sell at this level with targets at 119.54 and 118.67
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long positions at 121.40 with 121.80 and 122.30 as next targets
the breakout of 121.00 will call for arebound towards 120.50
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Eur/jpy pair price now break the trend line. Therefore we can expect upward movement. Target should be 123- 123.50 area.
Analysis result EUR JPY 29-01-2013
SIDEWAYS, UP TREND (WEAK)
Signal 20 pips : BUY @ 122.45 Set S/L @ 122.15 Set TP @ 122.65
Signal Breakout : BUY @ 122.65 Set S/L @ 122.35 Set TP @ 122.85
Reversal Prediction HIGH : 123.30
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