Eur/jpy analysis :
date : 09.02.13
time : 04:30 GMT
time frame : 15 min
current rate : 130.18
high : 130.35
low : 129.79
net change : 0.11%
overall trend : strongly bullish.
Thread: Eur/Jpy
Eur/jpy analysis :
date : 09.02.13
time : 04:30 GMT
time frame : 15 min
current rate : 130.18
high : 130.35
low : 129.79
net change : 0.11%
overall trend : strongly bullish.
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I think that I try just one postition at 115.00 it looks prices will fall at that point.All the best
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eur/jpy
indicator awesome oscillator buy good awesome oscillator indicator best to trader
entey:129.85
tp:130.05
less:129.65
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Eur/jpy analysis for 09.02.2013 by using pivot indicator.
r3: 131.304
r2: 130.811
r1: 130.283
pivot: 129.790
s1: 129.262
s2: 128.769
s3: 128.241
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Prices declined as expected after showing a Shooting Star candle below Triangle pattern resistance. Break below initial support at 129.82 exposes 127.96 (August 12 low). Reversal above 130.97 targets the 131.90-132.14 area..
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Of observations by the method of technical analysis I have seen of the currency pairs Eur/Jpy and indicators that I use is the Bollinger Bands and fibbo.
It is seen that the position of the forex market are on point 129.76 and there is support and resistance on the
- R3 : 131.08
- R2 : 130.8
- R1 : 130.52
- Pivots : 130.24
- S1 : 129.96
- S2 : 129.68
- S3 : 129.4
then I highly recommend you to open position BUY with
Take Profit is equal to 130.06 as well as Stop Loss at point 129.46
so that the target pips for today I think is at 150 pips
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It depends on the trader to decide which one is profitable, some do well in low spread ones and some do better in high spread currencies. I love the low spread ones and always trade on these currencies ...
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the pair fails to broke the uptrend in the daily chart and if it continue next week so the price will visit 132.xx level
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