EUR / JPY 4-hour chart continues to grow, there is a small sample and attached above the figure 98, we see that the MACD histogram is growing and gaining strength, so I think there is a potential re-enter more than 100 ...
Thread: Eur/Jpy
EUR / JPY 4-hour chart continues to grow, there is a small sample and attached above the figure 98, we see that the MACD histogram is growing and gaining strength, so I think there is a potential re-enter more than 100 ...
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The pair now again came to the area punched 97.80 resistance level, and test it, but as a support, a couple and now managed to make up the next week, it can be expected from the continued growth, signs of a reversal can not see.
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The crucial point now is for the eur / jpy, dense vapor went to the horizontal support level of 97.88 which is a few hours could not break through, if there is a breakthrough in the south, then one can expect a reduction to the target 9740 + MASD sell signal.
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Euro currency in trading today showed a favorable movement against the Japanese Yen
EUR / JPY opened at 98.02 in early trading (00:00 GMT)
and up + 26 pips or about + 0.27% at 98.28.
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Pair EUR / JPY moving waves on the top came to a very important resistance level of 98.00, which previously held as a support, so I think when consolidating above this mark can aim at 101.30 ....
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Today a couple managed to fend off the strong horizontal resistance level of 97.40, while the course is still above the upper limit of the Ichimoku cloud, I'm waiting for sales to happen when the fix below 97.10, then my goal would be 96.60.
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In EUR / JPY today was a leap down, but the couple was able to rollback to the previous level, which has now become resistances, so that within a day trade I think should be sold with a stop at 96.98 and expect that will drop about 30 n ...
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after testing the support level @38.2% fibonacci as shown in H4 chart , the pair has moved in bullish direction and i expect it will continue in bullish direction in the next few hours and i suggest start selling near the resistance level @50% ,
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signal for bullish is appear i think because this pair can break level 96.50 and this pair might goes to level 97.10 for today,but if price break level 96.30 this pair will continue for bearish trend and reach level 96.00 again ,good luck
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the pair trading this day above level 96.20 (pivot point) thats mean bullish momentum is on the way and that's will lead the movement to reach level 96.50 in europe session i think or maybe at this session
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