Thread: Eur/Jpy
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pair- eur/jpy
analysis time frame- m15
the price is break the resistance at 147.30 level and now at the higher resistance side that is break and moving up. the rsi indicator is hitting the overbought level 70 so correction movement can expected. hold the long entry with stop loss at 147.05 and profit target at 148.00
good luck.
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Daily Forecast
Pair: EURJPY
Major Trend: Bullish
Time Frame: H1
Reason: Fatherly touch the daily pivot point is not possible, but prices are still predicted to be in the direction of 147.12 for a correction in the area of the break resistance, before continuing the bullish trend for the price of 148.03. The RSI indicator has been cut lines 50 and heading upwards, while stochastic has been in overbought area
Recommendation: Buy Limit at 147.12
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27.11.2014 8:08 EURJPY
EURJPY: consolidation before the publication of the number of unemployed in Germany
Buy on a level breakthrough of 147.36 with 149.15 target. Stop loss = 146.80.
Reason for the trading strategy
This afternoon the number of unemployed in Germany will be published. The decline expected in November will signal an improvement in the labor market in Germany, which is the engine of the European economy. Opening long positions in the EURJPY pair should be considered at a level break through of 147.36.
EURJPY, H4
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pair- eur/jpy
analysis time frame- m15
the price up movement is rejecting from the fibo resistance 61.8 and at the pivot point 147.04 level. the rsi indicator is below the 40 level. this down movement may hold at the moving average support 146.80 level. hold the short entry with stop loss at 147.00
good luck.
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.
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.
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analysis for today 11 / 27 / 2014
EUR/JPY
Resistance : R1 147.38 R2 147.63 R3 147.83 R4 148.13
Support : S1 146.50 S2 146.25 S3 146.05 S4 145.75
Open : 147.24
High : 147.25
Low : 146.63
Range : .62 Pips
Running Price : 146.82
Strategy : BUY at the level 146.82 stop loss at the level 146.50 target take profit at the level 147.83 or at the level 148.13
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.
Daily Forecast
Pair: EURJPY
Major Trend: NEUTRAL
Time Frame: H4
Reason: There is a bearish candle newly formed, the price is probably already can not pass a strong resistance at 147.39 to proceed to the first weekly resistance at 147.96. Prices will tend to go down, viewed from the indicator RSI, Stochastic, MACD, prices tend to go down.
Recommendation: Sell with a target weekly pivot at 146.47
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On our EURJPY pair today we can see that the price is taking a upward direction and thats due to the blue dots below the candles if the price kept its position higher than the strong support 144.1267 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 148.4767 .
On the other hand if the price penetrated the support at the level 144.1267 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 142.2733 of the next Pivot level.
.
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Daily Forecast
Pair: EURJPY
Major Trend: Bullish
Time Frame: Daily
Reason: Yesterday, the price of trying to penetrate down to the weekly pivot point at the price of 146.40, but failed. Means the price can be expected to lead to the first weekly resistance at 148.03 price. However, the stochastic can be seen still leaning down, but the RSI is still above the 50 line
Recommendation: Buy with a target of 148.00
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.
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