Subscribei think that EURJPY will move downward on the short term as we have a strong resistance level@99.34 on the daily chart so i suggest selling now with target point @0%.
Thread: Eur/Jpy
i think that EURJPY will move downward on the short term as we have a strong resistance level@99.34 on the daily chart so i suggest selling now with target point @0%.
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Yes indeed, a strong down trend seems to take a break, the movement became very slow and the couple begins to beat by many micro-level, visible on the hourly chart, the pair got stuck in the hall the size of a 100 ... so now you can play with the averaging ...
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It will probably transpire slightly rectification to this day, but the trend remains bearish dominate. It seems like this pair will endeavor to get proximate to daily pivot (97.72), from there will likely be turned down towards the 96.55 level. if the pivot can have a break, is possible to elevate to the level of 97.95
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course and today was able to make a new local minimum of the month, but the couple has broken the support of 97.09, the price is in a strong bearish trend, and is trading below the Ichimoku cloud, we must continue to wait for the fall.
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Well yesterday broke a couple of levels of support 97.43, and after breaking away in the small northern correction to this level (which became the resistances) and test it for strength, will likely rebound in the south.
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It will probably happen slightly correction to this day, but the trend remains bearish dominate. It seems like this pair will try to get close to daily pivot (97.52), from there will likely be turned down towards the 96.68 level. However, if the pivot can be broken, is likely to rise to the level of 97.83
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Slow slowly, but the couple all wrapped up after settling down at 98.15, I think the pair will fall .. but can still make a small hauler .... but judging by the graphics power of the buyer very little forward and to be honest break down ....
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EUR / JPY much that a couple are not allowed above the lower boundary of the Ichimoku cloud, a cloud of steam today, strayed to the south, and even managed to make a new low of the week, the bears continue to press for a couple of goal-96.60.
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EUR / JPY pair after the break made a very strong support level of 98.60 is now trading with decreasing dynamics, and formed a bearish channel, but that the rate went up to the upper border of it I think will be a retreat to the south.
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Trends in EURJPY is still bearish, and now the pair managed to break the daily pivot (97.85), I think this pair will continue to decline to 97.20 level. However, if successfully closed over the pivot, it is likely to rise to the level of 98.23.
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