Tag Archives: EUR/JPY

EUR/JPY Outlook: October, 4 2013

EUR/JPY The pair remains under pressure as studies on 1 and 4-hour charts hold negative tone. Recovery rejection at 133.19 and subsequent slide towards 132.00 support, keeps the downside vulnerable, as the price attempts below near-term consolidation floor at 132.20 … Continue reading

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EUR/USD To Proceed Short Below Barrier Levels 1.35766 and 1.36076

Wednesday’s forecast headed in our direction on most pairs, especially the oceanic pairs and the EUR/JPY. However, some pairs did have the strength to punch through our blue zones. As we had expected the US dollar did strengthen against some … Continue reading

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EUR/JPY Outlook: Pair Resumed Rally From 131.12

EUR/JPY The pair resumed rally from 131.12, 08/10 higher low, after clearing near-term congestion top at 133.85 and cracked psychological 134.00 barrier, 24/09 high / Fibonacci 76.4% of 134.93/131.12 downleg. Positive near-term studies are supportive for final push towards 134.93, … Continue reading

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Yen Hits 4-Year Low Versus Euro After BOJ Governor’s Speech

The yen remained under pressure in Friday’s Asian session after being pushed lower by Bank of Japan Governor Kuroda who appeared before the Japanese “Diet Committee” to talk about monetary policy. He reiterated the Bank of Japan’s commitment to undertake … Continue reading

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Friday’s EUR/JPY

EUR/JPYThe pair extended rally from 131.20 low and approached psychological 135 barrier, where gains stalled on overbought near-term studies. Prevailing positive tone favors further upside, with consolidative phase seen preceding fresh rally. Pullback from fresh high at 134.92, found temporary … Continue reading

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EUR/JPY Continues To Trend Higher

EUR/JPY The pair continues to trend higher, as extension of the uptrend from 131.20, 07/11 low, cleared 134.00/25 barriers. The price approaches 134.44, with a Fibonacci 76.4% of 135.44/131.20 downleg, the last obstacle on the way towards key barriers at … Continue reading

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EUR/JPY: Pair Remains Well Supported

EUR/JPY The pair remains well supported and ticks above near-term consolidation range top at 139.69, to approach the psychological 140.00 barrier. Near-term studies are positive, however, overbought 4-hour/daily studies require caution, as 4-hour indicators start to point lower, signaling possible … Continue reading

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EUR/JPY Outlook: Pairs Continue To Trend Higher

EUR/JPY The pair continues to trend higher and took out barriers at 138.47/70, 26/10 and 07/08 2009 highs, with 139.00 resistance being under pressure. Further extension higher to open 139.21, 05/06 2009 peak and 140.00, psychological barrier in extension. Overall … Continue reading

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US Dollar Mixed On Growing Anticipation Of Taper Announcement

The Aussie has continued its fall overnight, but is still just above the 0.9000 level after data was released that more workers were added but the unemployment rate is still creeping higher towards the post-crisis high. JPY has also been … Continue reading

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EUR/JPY: Pair Cracked Psychological 140.00 Barrier

EUR/JPY The pair cracked psychological 140.00 barrier but was unable to break higher, with yesterday’s Doji suggesting further consolidation, after strong rally from 131.20, 07/11 low. Overextended daily studies and 4-hour bearish pergence, see risk of stronger correction, as yesterday’s … Continue reading

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