For the euro yen now, it stand at the strong support at 118.50
I expect possible climb from here
But in the case of breakage as possible come down to 117.70 and the rise and God knows
Thread: Eur/Jpy
For the euro yen now, it stand at the strong support at 118.50
I expect possible climb from here
But in the case of breakage as possible come down to 117.70 and the rise and God knows
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short positions at 119.80 with 119.40 and 119.00 as next targets
the breakoiut of 120.10 will call fro arebound towards 120.80
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eur/jpy technical analysis by using :adx
adx : 25.5768
+di : 15.5437
-di : 25.5388
timeframe : 1 hour
date : 15.01.2013
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The bullish trend is still strong, on further movement, the pair may targeting to hit its 100% monthly fibo at 123.35. However eurjpy may corrected today, and the pair may go down towards 118.90
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15/1/2013
frame4 hours
The pair is currently trading at a price level is the highest level since more than 18 almost a month and he is now looking forward to the work of a new peak after the break and penetrate the previous summits, which were at a level of price 113.57
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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.
As might be expected eur / jpy went south correction correction but have come to an end, the trend is still in force, its renewal I expect from the support area 119.00 + - that it is about moving blue alligator stahastik shows a buy signal, stop, possible coup for sale only at the break of 118.80.
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A few hours ago, a couple tried to break through the horizontal support level 119.20 (today's opening price) but the breakthrough over a false breakdown and after the course is not continued decline in the South that indicates weakness bears, now the pair back above 119.20 stronger-it was a signal to buy.
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eur/jpy technical analysis by using : adx
adx : 29.8776
+di : 8.9092
-di : 21.6945
timeframe : 1 hour
date : 14.01.2013
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After breaking the 116.15 level last week the pair is continued to move upside sharply which indicates that has more potential to move upside. For Intraday basis, we remain positive as long as the pair is stable above the 118.40 level. According to my chart analysis, I prefer to buying the pair above 119.85 with targets 120.80, 121.50 then 122.15 and stoploss with four hour candle closing below 118.00.
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