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EURJPY Outlook |
Written by ActionForex.com |
Mar 17 10 07:46 GMT |
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Intraday bias in EUR/JPY remains neutral for the moment. As discussed before, choppy rise from 119.64 is treated as a correction in the larger fall only and is expected to be limited by 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26). Break of 123.01 minor support will indicate that such recovery has completed and will flip intraday bias back to the downside for retesting 119.64. Break there will confirm down trend resumption for 112.10 low. On the upside, however, decisive break of 125.22/26 will invalidate our view and indicate that stronger rebound is underway for 61.8% retracement of 134.36 to 119.64 at 128.73 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 16 10 06:49 GMT |
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As discussed before, EUR/JPY's choppy recovery from 119.64 is treated as a correction in the larger fall only and is expected to be limited by 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26). Current development, with 4 hours MACD crossed below signal line, suggests that an intraday top is already in place at 125.13 and is in line with our expectation. Break of 123.01 will further affirm our view and flip intraday bias back to the downside for retesting 119.64. Break there will confirm down trend resumption for 112.10 low. On the upside, however, decisive break of 125.22/26 will invalidate our view and indicate that stronger rebound is underway for 61.8% retracement of 134.36 to 119.64 at 128.73 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 15 10 06:41 GMT |
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We're neutral in EUR/JPY for the moment as it's very close to mentioned 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26). Choppy recovery from 119.64 is treated as a correction in the larger fall only and is expected to be limited by 125.22 cluster resistance and bring fall resumption. Below 123.01 minor support will flip intraday bias back to the downside for retesting 119.64 low first. However, decisive break of 125.22/26 will invalidate out view and indicate that stronger rebound is underway for 61.8% retracement of 134.36 to 119.64 at 128.73 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 13 10 12:58 GMT |
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EUR/JPY's rebound from 119.64 extended further to as high as 125.19 last week. As the cross is now very close to mentioned 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26), we'd stay neutral initially this week. On the downside below 123.01 minor support will indicate that corrective rise from 119.64 is finished and will flip intraday bias back to the downside for retesting this low. On the upside, however, decisive break of 125.22/26 cluster resistance will indicate that stronger rebound is underway for 61.8% retracement of 134.36 to 119.64 at 128.73 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 12 10 06:31 GMT |
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Intraday bias in EUR/JPY remains mildly on the upside and corrective recovery from 119.64 might extend further. But after all, upside is expected to be limited by 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26) and bring fall resumption. Below 123.01 minor support will turn intraday bias neutral first. Break of 121.45 will argue that recent down trend is resuming for 161.8% projection of 138.47 to 126.88 from 134.36 at 115.60 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 11 10 08:12 GMT |
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As noted before, EUR/JPY's strong recovery from 121.45 indicates that consolidation from 119.64 is still in progress and more rise could still be seen. But after all, upside is expected to be limited by 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26) and bring fall resumption. Below 121.45 will flip intraday bias to the downside. Further break of 119.64 will confirm fall resumption and should target 161.8% projection of 138.47 to 126.88 from 134.36 at 115.60 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 10 10 13:21 GMT |
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EUR/JPY's strong recovery and break of 122.78 minor resistance dampens the immediate bearish case and indicates that consolidations from 119.64 is still in progress. Stronger rise could now be seen to 123.89 and above. But after all, we'd upside to be limited by 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26) and bring fall resumption. Below 121.45 will flip intraday bias to the downside. Further break of 119.64 will confirm fall resumption and should target 161.8% projection of 138.47 to 126.88 from 134.36 at 115.60 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 10 10 07:29 GMT |
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As discussed before, EUR/JPY's recovery from 119.64 might have finished at 123.89 already. Intraday bias remains on cautiously on the downside for retesting 119.64 first. Break there will confirm fall resumption and should target 161.8% projection of 138.47 to 126.88 from 134.36 at 115.60 next. On the upside, above 122.78 minor resistance will delay the bearish case and bring more consolidations. But after all, we'd upside to be limited by 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26) and bring fall resumption. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 09 10 13:17 GMT |
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As noted before, EUR/JPY's recovery from 119.64 might have finished at 123.89 already. Intraday bias remains on cautiously on the downside for retesting 119.64 first. Break there will confirm fall resumption and should target 161.8% projection of 138.47 to 126.88 from 134.36 at 115.60 next. On the upside, above 122.78 minor resistance will delay the bearish case and bring more consolidations. But after all, we'd upside to be limited by 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26) and bring fall resumption. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 09 10 05:14 GMT |
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With 4 hours MACD crossed below signal line, EUR/JPY's recovery from 119.64 might have completed at 123.89 already. Intraday bias is flipped back to the downside first. Break of 119.64 will confirm fall resumption and should target 161.8% projection of 138.47 to 126.88 from 134.36 at 115.60 next. On the upside, above 123.89 will delay the bearish case and bring more recovery. But after all, we'd upside to be limited by 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26) and bring fall resumption. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 08 10 08:05 GMT |
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At this point, intraday bias in EUR/JPY remains on the upside and further rise could still be seen. A short term bottom is formed with bullish convergence condition in 4 hours MACD and stronger rebound might be seen to 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26). But we'd expect strong resistance from there to limit the upside of the consolidation. On the downside, below 122.84 minor support will flip intraday bias back to the downside for retesting 119.64 low. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 06 10 13:56 GMT |
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EUR/JPY's rebound from 119.64 accelerated on Friday and the strong break of 122.60 resistance indicates that a short term bottom is formed with bullish convergence condition in 4 hours MACD. More rise could now be seen towards 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26). But we'd expect strong resistance from there even if consolidation from 119.64 is going to extend further. On the downside, below 121.28 minor support will flip intraday bias back to the downside for retesting 119.64 low. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 05 10 05:48 GMT |
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Intraday bias in EUR/JPY remains neutral for the moment as consolidation from 119.64 continues. But after all, even in case of another rise, upside is expected to be limited by 122.60 resistance and bring fall resumption. Below 119.64 will target 61.8% projection of 134.36 to 120.69 from 125.22 at 116.77 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 04 10 05:56 GMT |
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EUR/JPY's consolidation might be in progress and further sideway trading could be seen. But after all, even in case of another rise, upside is expected to be limited by 122.60 resistance and bring fall resumption. Below 119.64 will target 61.8% projection of 134.36 to 120.69 from 125.22 at 116.77 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 03 10 07:00 GMT |
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Intraday bias in EUR/JPY remains neutral as sideway trading from 119.64 continues. Some more consolidations might be seen and another rise cannot be ruled out. But upside is expected to be limited by 122.60 resistance and bring fall resumption. Below 119.64 will target 61.8% projection of 134.36 to 120.69 from 125.22 at 116.77 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 02 10 05:53 GMT |
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EUR/JPY is still staying in tight range above 119.64 and intraday bias remains neutral. Some more consolidations might be seen and another rise cannot be ruled out. But upside is expected to be limited by 122.60 resistance and bring fall resumption. Below 119.64 will target 61.8% projection of 134.36 to 120.69 from 125.22 at 116.77 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Mar 01 10 06:55 GMT |
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Intraday bias in EUR/JPY remains neutral for the moment and some more consolidations would be seen. Nevertheless, upside is expected to be limited by 122.60 resistance and bring fall resumption. Below 119.64 will target 61.8% projection of 134.36 to 120.69 from 125.22 at 116.77 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Feb 27 10 07:50 GMT |
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EUR/JPY's down trend resumed last week but taking out 120.69 and dived to as low as 119.64. Nevertheless, late recovery suggests that we should see some consolidations first before having another fall in the cross. Initial bias is neutral and EUR/JPY would continue to trade sideway. But upside should be limited by 122.60 and bring fall resumption. Below 119.64 will target 61.8% projection of 134.36 to 120.69 from 125.22 at 116.77 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Feb 26 10 05:59 GMT |
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EUR/JPY's break of 120.87 minor resistance suggests that an intraday low is in place at 119.64 and turns bias neutral. Some consolidation could be seen but upside is expected to be limited by 122.60 and bring fall resumption. Below 119.64 will target 61.8% projection of 134.36 to 120.69 from 125.22 at 116.77 next. |
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