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EURJPY Outlook |
Written by ActionForex.com |
Feb 08 10 07:46 GMT |
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At this point, intraday bias in EUR/JPY remains on the downside and further fall is still in favor. Sustained trading below 61.8% projection of 134.36 to 124.73 from 126.96 at 121.00 will set the stage for 100% projection at 117.33 next. On the upside, above 123.28 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 129.96 resistance and bring fall resumption. |
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EURJPY Outlook |
Written by ActionForex.com |
Feb 06 10 08:56 GMT |
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EUR/JPY fell sharply to as low as 120.69 last week and the strong break of 124.35 support further affirm our view that medium term rebound from 112.10 has already completed at 139.21. Initial bias remains on the downside this week and sustained trading below 61.8% projection of 134.36 to 124.73 from 126.96 at 121.00 will set the stage for 100% projection at 117.33 next. On the upside, above 123.28 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 129.96 resistance and bring fall resumption. |
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EURJPY Outlook |
Written by ActionForex.com |
Feb 05 10 05:52 GMT |
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EUR/JPY dropped to as low as 121.62 overnight and has met mentioned initial target of 100% projection of 138.47 to 126.88 from 134.36 at 122.77. At this point, intraday bias remains on the downside and further decline should be seen to 61.8% projection of 134.36 to 124.73 fro 126.96 at 121.00 first. Break will target 100% projection at 117.33 next. On the upside, above 123.58 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited well below 126.96 resistance and bring fall resumption. |
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EURJPY Outlook |
Written by ActionForex.com |
Feb 04 10 09:13 GMT |
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With 4 hours MACD crossed below signal line, EUR/JPY's recovery from 124.73 has possibly completed at 126.96 after hitting 4 hours 55 EMA. Intraday bias is cautiously on the downside for 124.73 and break there will confirm fall resumption towards 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. On the upside, above 126.96 will bring another round of recovery but still, strong resistance should be seen at 38.2% retracement of 134.36 to 124.73 at 128.40 and bring fall resumption. |
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EURJPY Outlook |
Written by ActionForex.com |
Feb 03 10 07:22 GMT |
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As discussed before, a short term bottom is formed at 124.73 in EUR/JPY with mild bullish convergence condition in 4 hours MACD. Intraday bias remains neutral and some more recovery might be seen. Nevertheless, strong resistance should be seen at 38.2% retracement of 134.36 to 124.73 at 128.40 and bring fall resumption. Below 124.73 will target 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Feb 02 10 05:46 GMT |
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Current development suggests that a short term bottom is possibly in place in EUR/JPY with mild bullish convergence condition in 4 hours MACD. Intraday bias is turned neutral and some more recovery might be seen. Nevertheless, strong resistance should be seen at 38.2% retracement of 134.36 to 124.73 at 128.40 and bring fall resumption. Below 124.73 will target 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Feb 01 10 06:06 GMT |
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At this point, intraday bias in EUR/JPY remains on the downside with 126.67 minor resistance intact. Current fall is still expected to continue to 124.35 support and then 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. On the upside, though, above 126.67 will suggest that a short term bottom might be in place, possibly with bullish convergence condition in 4 hours MACD, and bring stronger rebound before staging another fall. |
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EURJPY Outlook |
Written by ActionForex.com |
Jan 31 10 06:52 GMT |
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EUR/JPY's decline from 134.46 continued last week and extended further to as low as 124.80. While the cross is losing a bit downside momentum, as see in mild bullish convergence condition in 4 hours MACD, there is no clearer sign of bottoming yet. Initial bias remains on the downside this week and further fall should be seen to 124.35 support and then 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. On the upside, though, above 126.67 will suggest that a short term bottom might be in place and bring stronger rebound before staging another fall. |
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EURJPY Outlook |
Written by ActionForex.com |
Jan 29 10 06:49 GMT |
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EUR/JPY fall resume by breaking 125.22 and reaches as low as 124.80 so far. At this point, intraday bias remains on the downside and further fall is still expected to be seen to 124.35 medium term support and then 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. However, considering mild bullish convergence condition in 4 hours MACD, a break above 127.08 minor resistance will indicate that a short term bottom is formed and bring stronger recovery before staging another fall. |
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EURJPY Outlook |
Written by ActionForex.com |
Jan 28 10 13:53 GMT |
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EUR/JPY's recovery from 125.22 was limited at 127.06 so far and weakens again in early US session. Intraday bias remains neutral for the moment, as sideway consolidation might continue. Nevertheless, even in case of another rise, upside is expected to be limited by 128.35 resistance and bring fall resumption. Below 125.22 will target 124.35 support and then 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Jan 28 10 06:52 GMT |
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Touching of 126.35 minor resistance suggests that an intraday low is in place at 125.22 and turns bias neutral. Some consolidations could be seen but upside is expected to be limited by 128.35 resistance and bring fall resumption. Below 125.22 will target 124.35 support and then 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Jan 27 10 07:20 GMT |
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EUR/JPY's fall extends further to as low as 125.22 so far today and at this point, intraday bias remains on the downside. Current decline from 134.36 is part of the whole fall from 143.47 and should continue to 124.35 support and then 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. On the upside, above 126.35 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited by 128.35 resistance and bring fall resumption. |
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EURJPY Outlook |
Written by ActionForex.com |
Jan 26 10 13:57 GMT |
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At this point, intraday bias in EUR/JPY remains on the downside with 129.25 minor resistance intact. Current fall from 134.36 is part of the whole decline from 138.47 and is expected to continue to 124.35 support and then 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. On the upside, above 128.35 will argue that a short term bottom might be in place and stronger rebound could then be seen. |
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EURJPY Outlook |
Written by ActionForex.com |
Jan 26 10 06:29 GMT |
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EUR/JPY's fall resumes after recovery was limited at 128.35 and intraday bias is back on the downside. Current fall from 134.36 is part of the whole decline from 138.47 and is expected to continue to 124.35 support and then 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. On the upside, above 128.35 will argue that a short term bottom might be in place and stronger rebound could then be seen. |
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EURJPY Outlook |
Written by ActionForex.com |
Jan 25 10 07:03 GMT |
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With 4 hours MACD crossed above signal line, an intraday low is in place at 126.53 and some consolidations should be seen in EUR/JPY first. Recovery to 4 hours 55 EMA (now at 129.73) cannot be ruled out but upside of the recovery is expected to be limited below 131.49 resistance and bring fall resumption. As note before, whole decline from 138.47 is still in progress and below 126.53 will target 124.35 support and then 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. |
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EURJPY Outlook |
Written by ActionForex.com |
Jan 23 10 13:37 GMT |
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EUR/JPY's fall fall from 134.36 extended further last week and the break of 126.88 support confirms that whole decline from 138.47 has resumed. Initial bias remains on the downside this week and further fall should be seen to 124.35 support and then 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. On the upside, above 128.38 minor resistance will argue that a short term bottom might be in place on oversold condition and bring recovery. But upside should be limited below 131.49 support turned resistance and bring fall resumption. |
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EURJPY Outlook |
Written by ActionForex.com |
Jan 22 10 07:18 GMT |
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EUR/JPY dropped sharply to as low as 126.59 before recovering mildly. The break of 126.88/127.50 support zone indicates that whole fall from 138.47 has resumed. Intraday bias remains on the downside and further decline should be seen to 124.35 support and then 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. On the upside, above 128.38 minor resistance will argue that a short term bottom might be in place on oversold condition and bring recovery. But upside should be limited below 131.25 support turned resistance and bring fall resumption. |
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EURJPY Outlook |
Written by ActionForex.com |
Jan 21 10 06:59 GMT |
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Intraday bias in EUR/JPY remains on the downside with 129.634 minor resistance intact and further fall should be seen to 126.88/127.50 support zone. As discussed before, recent development suggests that price actions from 126.88 are merely consolidation to fall from 138.47 and should have completed at 134.36. Break of 126.88/127.50 will confirm the whole decline from 138.47 has resumed and should target 124.35 support next. On the upside, above 129.63 minor resistance will turn intraday bias neutral and bring consolidations. But recovery is expected to be limited by 131.50 resistance and bring fall resumption. |
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EURJPY Outlook |
Written by ActionForex.com |
Jan 20 10 13:17 GMT |
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EUR/JPY's decline from 134.36 extends further to as low as 128.50 so far. At this point, intraday bias remains on the downside for 126.88/127.50 support zone. As discussed before, recent development suggests that price actions from 126.88 are merely consolidation to fall from 138.47 and should have completed at 134.36. Break of 126.88/127.50 will confirm the whole decline from 138.47 has resumed and should target 124.35 support next. On the upside, above 129.63 minor resistance will turn intraday bias neutral and bring consolidations. But recovery is expected to be limited by 131.50 resistance and bring fall resumption. |
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