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Daily market view for Eur/jpy
EurJpy 4 h 13/3/2012
EurJpy on the lines of Jean-four hours chart bearish price is approaching the upper lines of Jean
Selling points of 108.94 - 109.50
The goal of 100 points.
Stop-Loss candle close above 109.50 for four hours
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Has eurjpy reach 114.00 yet as expected by jp morgan traders.
I read they have buy trade for this pair because of yen weakness.
Maybe that price level will reach in the days/weeks to come.
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Moderator
The movement of EJ is completely based upon the movement of other two pairs.i.e EU and UJ..If the EU and UJ moves upward, so the EJ also moves upward, and if the EU na dUJ falls down, so this pair also falls down.And, if the EU and UJ has reverse movements, so this pair remains almost unchanged.The proof is the today movment that EU dropped from 1.3120 to 1.3055, abd UJ moved from 82.64 to 8305, but the EJ remained unchanged within the movment of 20-30 pips..
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EurJpy 4 h 14/3/2012
EurJpy on the lines of Jean-four hours chart bearish price is approaching the upper lines of Jean
Selling points of 108.94 - 109.45
The goal of 100 points.
Stop-Loss candle close above 109.45 for four hours
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EurJpy 4 h 15/3/2012
EurJpy on the lines of Jean-four hours chart bearish price is approaching the upper lines of Jean
Selling points of 109.56 - 110.30
The goal of 100 points.
Stop-Loss candle close above 110.30 for four hours
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EurJpy 4 h 19/3/2012
EurJpy on the lines of Jean-four hours chart ascending price is approaching the bottom lines of Jean
Buying points from 109.13 - 108.73
The goal of 100 points.
Stop-Loss candle close under 108.73 for four hours
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EurJpy 4 h 20/3/2012
EurJpy on the lines of Jean-four hours chart ascending price is approaching the bottom lines of Jean
Buying points from 109.96 - 109.43
The goal of 100 points.
Stop-Loss candle close under 109.43 for four hours
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EurJpy 4 h 22/3/2012
EurJpy on the lines of Jean-four hours chart bearish price is approaching the upper lines of Jean
Selling points of 110.75 - 111.28
The goal of 100 points.
Stop-Loss candle close above 111.28 for four hours
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EurJpy 4 h 23/3/2012
EurJpy on the lines of Jean-four hours chart ascending price is approaching the bottom lines of Jean
Buying points from 109.30 - 108.54
The goal of 100 points.
Stop-Loss candle close under 108.54 for four hours
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| We Buy | We Sell |
| $1.3355 | $1.3768 |
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