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EUR/JPY technical analysis for August 23, 2013
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
Yesterday, the strong resistance on the EUR/JPY has been already breached by this pair, for today seems the 132.00 level will be tested by this currency pair because we have got confirmation by all the three Moving Averages already form a "Golden Cross" formation pattern. This pattern will be the indication for the EUR/JPY which have a strong and healthy uptrend situation already.
RECOMMENDATION:
BUY Stop (Pending Order) at 132.26.
Take Profit at 132.40.
Stop Loss at 132.16.
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The CHFJPY and EURJPY lead the way, adding +1.69% and +1.63% respectively, as the Euro finally started to respond to some of the improved data over recent weeks, while emerging market capital outflows could be finding home in the Switzerland as a haven as well.
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EUR/JPY technical analysis for August 26, 2013
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
For today; we can look at this currency, the barrier at the 132.25. Since yesterday this level has already held this pair to continued the uptrend; the 132.25 acts as strong resistance, all the three Moving Averages has already formed the "Golden Cross" pattern that means the EUR/JPY still have a good and healthy uptrend situation.
RECOMMENDATION:
BUY Stop (Pending Order) at 132.51.
Take Profit at 132.65.
Stop Loss at 132.41.
Alternative:
SELL Stop (Pending Order) at 131.99.
Take Profit at 131.85.
Stop Loss at 132.09.
More analysis - at instaforex.com
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EUR/JPY technical analysis for August 27, 2013
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
Today, the EUR/JPY seems moving in the range between 131.25 and 132.00. It has been already confirmed by:
1. The market price appears above the EMA 100 (green) and bellow the EMA 34 (blue).
2. The EMA 50 (red) position is bellow the EMA 34 (blue) and above EMA 100 (green).
RECOMENDATION:
SELL Stop (Pending Order) at 131.24.
Take Profit at 131.10.
Stop Loss at 131.34.
More analysis - at instaforex.com
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[B]EUR/JPY technical analysis for August 28, 2013[/B]
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
Yesterday, after the EUR/JPY pair had breached bellow 131.25, the uptrend changed to downtrend. This condition has been already confirmed by all the three moving averages form the "Death Cross" pattern. It means, the downside momentum is stronger then the upside movement. However, if EUR/JPY breaches above 130.50 today, then the downside movement will be hold, at least, till the end of the day.
RECOMMENDATION:
SELL Stop (Pending Order) at 129.74
Take Profit at 129.60.
Stop Loss at 129.84.
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More analysis - at instaforex.com
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[B]EUR/JPY technical analysis for August 29, 2013[/B]
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
Since the tension in Syria Crude Oil has been moving higher. However, in the west side the market participants are waiting for the "tapering" issue to be solved. This make a "Risk Aversion" in the market especially in the stock market. All the market participants take the money from the emergeing markets such as India, Thailand, Indonesia, etc. to get back the safe haven US Dollar. This condition makes USD stronger than any currency. EUR has got the impact from this issue.
RECOMMENDATION:
SELL Stop (Pending Order) at 129.74.
Take Profit at 129.60.
Stop Loss at 129.84.
More analysis - at instaforex.com
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[B]EUR/JPY technical analysis for August 30, 2013[/B]
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
Since yesterday the level of 130.00 has acted as strong support for the EUR/JPY pair. Even the market is still affected with bearish pressure, which has been already indicated by all the three moving averages, the pair is still making a "Death Cross pattern". After this level a strong barrier at the 130.00 level can hold the movement and make this pair entering to the ranging condition between the 130.00 level to the 130.50 level.
RECOMMENDATION:
SELL Stop (Pending Order) at 129.74.
Take Profit at 129.60
Stop Loss at 129.84.
Alternative:
BUY Stop (Pending Order) at 130.51.
Take Profit at 130.65.
Stop Loss at 130.41.
More analysis - at instaforex.com
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EUR/JPY technical analysis for September 03, 2013
http://forex-images.instaforex.com/u...UJ03092013.jpg
EUR/JPY reversed from the downside movement and this condition has been already confirmed by all the three moving averages in the 60 minutes charts. It is making a "Golden Cross" pattern. However, this pair seems to find a barrier at the 131.25, which acts as strong resistance for this pair.This is indicated by the appearence of the "Double Top" pattern in this chart near the 131.25 level. As long as this currency pair do not breach below 130.75, the price will continue the upside movement.
RECOMMENDATION:
BUY Stop (Pending Order) at 131.51.
Take Profit at 131.65.
Stop Loss at 131.41.
More analysis - at instaforex.com
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EUR/JPY technical analysis for September 04, 2013
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
Today, the EUR/JPY price is moving in the ranging condition but between the 103.75 to the 131.50 level but in a Bullish sentiment, We can look at all the three moving averages still making a "Golden Cross" pattern, but please pay attention to the 130.50 level, if this level can be breach by this pair, the bullish sentiment will be hold, at least, for today.
RECOMMENDATION:
BUY Stop (Pending Order) at 131.51.
Take Profit at 131.65.
Stop Loss at 131.41.
Alternative:
SELL Stop (Pending Order) at 130.49.
Take Profit at 130.35.
Stop Loss at 130.59.
More analysis - at instaforex.com
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EUR/JPY technical analysis for September 05, 2013
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
EUR/JPY still continues its upside movement. This situation has been already confirmed by all the three moving averages, it is still making a "Golden Cross" pattern. As long as the price do not breach and close below the 131.25 level, it will continue the upside movement.
RECOMMENDATION:
BUY STOP (Pending Order) at 131.76.
Take Profit at 131.90.
Stop Loss at 131.66.
More analysis - at instaforex.com