The course still managed to overcome sloping resistance level, and now it has appreciated steadily above it, but until further growth still hampered by the horizontal level of 98.75, at the break that I buy.
Thread: Eur/Jpy
The course still managed to overcome sloping resistance level, and now it has appreciated steadily above it, but until further growth still hampered by the horizontal level of 98.75, at the break that I buy.
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The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 96.90 and key resistance at 99.85. Based upon my chart analysis, I prefer to buying the pair above 97.75 with targets 98.60, 99.00 then 99.30. and stoploss with four hour candle closing below 96.90.
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eur/jpy is great pair so i think how to use eur/jpy and how to tack profit if eur up then jpy down if jpy up then eur is down so you must be analysis between pair.
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Euro / JPY pair still progressing wobbling as he finds strong resistance at 98.75 and resistance that will determine our future direction if the pair was able to penetrate will see the rise to levels far
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I continue to hold a short position, a couple hours on the schedule drawn sloping resistance level that has not been able to overcome a few hours at a time, for her, I hid his feet.
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Here are a few signals to the south ... crossing the green line Ching span the price chart from top to bottom, "dead cross" - the intersection of two moving, I think a couple will fall. but to sell to wait for a break Ichimoku cloud top.
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Support & Resistance 27/08/2012
Sup 1 : 98,86
Sup 2 : 99,27
Sup 3 : 99,72
PIVOT : 98,41
Res 1 : 98,01
Res 2 : 97,56
Res 3 : 97,15
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H4 chart demonstrates that we still have not any chance yet , so i think the pair is moving in a rectangle now and if the price continue in bullish direction the best sell will be near the resistance level @0% fibonacci , also the best buy will be near the support level @fibonacci 23.6% ,
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EUR/JPY's rebound from 94.11 extended to as high as 99/.18 last week before forming a temporary top there and retreated. Initial bias remains neutral this week for some more consolidations. The cross is staying comfortably inside a near term rising channel and thus, further rally is still expected. Above 99.18 will target 38.2% retracement of 111.43 to 94.11 at 110.72 next. On the downside, break of the channel support (now at 96.96), however, will indicate that such rebound has completed and will flip bias back to the downside for 95.71 support for confirmation.
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