Thread: Eur/Jpy
My Weekly Analysis :
the pair failed in the previous week to broke the down trend so for me i have three ways
1- the pair will reach the support 95.0x and it will broke the trend and go up
2- the pair will reach the support 94.1x and it will broke the trend and go up
3- the pair will pass the two support levels and will continue down direction
see the chart
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At the 4 hour chart EUR / JPY shows the uplink to the north, and now the price is at the lower boundary, so that it is the time to buy, I think for next week's mark of 98 must show a couple ....
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Vamos (2012-08-12)
The pair continues to maintain a bearish trend is down, a large white candle bulls were unable to gain a foothold above the resistance level of 96.40 .... and the price is once again wrapped top to bottom ... and yes even the Japanese currency began to show growth ... so that we can fall to 95.00 .. .....
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The pair continues to maintain a bearish trend is down, a large white candle bulls were unable to gain a foothold above the resistance level of 96.40 .... and the price is once again wrapped top to bottom ... and yes even the Japanese currency began to show growth ... so that we can fall to 95.00 .. .
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Pair EUR / JPY also shows the downward step down ... there is much to fall .. so it is possible that at the opening session of the U.S. may be accelerating downward, the potential for a pair of figures is a level 95 ....////
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Pair EUR / JPY also shows the downward step down ... there is much to fall .. so it is possible that at the opening session of the U.S. may be accelerating downward, the potential for a pair of figures is a level 95 ....
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.
Support & Resistance 09/08/2012
Sup 1 : 97,44
Sup 2 : 97,91
Sup 3 : 98,35
PIVOT : 97,01
Res 1 : 96,54
Res 2 : 96,10
Res 3 : 95,63
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EURJPY almost hit the support level at 96.45 yesterday.
I think EURJPY will try to touch that support level again today.
Then, if EURJPY can break 96.45 support level, this pair may continue falling to the next support level at 95.57
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steam again resumed its fall to the south, the course breaks even support 96.70, this breakthrough could pave the way for a minimum 95.00, but still have to wait for the normal consolidation below 96.70.
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Support & Resistance 08/08/2012
Sup 1 : 97,02
Sup 2 : 97,07
Sup 3 : 97,11
PIVOT : 96,98
Res 1 : 96,92
Res 2 : 96,89
Res 3 : 96,83
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