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Analyzing EUR/JPY.

EUR
European economy is doing well with major economies of Germany, France showing solid GDP growth in recent quarters. Even third largest economy of Italy is also catching up while most of other smaller economies remain well supported. ECB is likely to wind down the Asset purchase program after the August 2018. So the picture looks promising for Euro.
JPY
Japanese economy is continuing moderate pace of recovery. Government is also putting large investments for the year 2020 Tokyo Olympic Games …
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EUR/JPY may head downward.

EUR:
The Euro Area economy advanced 2.1 percent on quarter in the three months to June of 2017, which is better than 1.9 percent growth in the previous quarter ending March 2017. Household consumption and public spending were the main drivers of growth while fixed investment slowed sharply and net external demand contributed negatively. The GDP growth rate serves as a broad indicator for the health of Euro-zone economies. Robust GDP growth signals a heightened level of economic activity, which i…
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EUR/JPY will continue uptrend.

EUR
The consumer confidence in Euro Area has been on rise for last couple of months as we can see from the growth seen in Household consumption and public spending. The construction sector has also grown at remarkable pace adding more jobs to the economy and thus more disposable income in people's hands.As people's faith in future growth in employment, jobs rise we will see even better general economic situation and major purchases of durable goods leading to better consumer confidence numbers.
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Anticipating EUR/JPY

In coming months the euro is expected to remain under pressure amid concerns over the possibility of a Brexit or Trump-style shock result in France’s upcoming presidential election.
Worries over elections in the Netherlands, Germany and possibly Italy, as well as the ongoing row over Greece's bailout are adding to concerns over political risk in the euro area.
If we look at Japanese economy The Bank of Japan has left the interest rate unchanged at -0.1 percent at its January 2017 meeting, as wid…
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VAIBS1991 avatar

In Euro area household consumption is the main component of GDP and accounts for 56 percent of its total use, followed by government expenditure (21 percent) and gross fixed capital formation (20 percent). Net exports of goods and services adds 4 percent to the GDP. Euro Area's gross domestic product expanded 0.5 % (QoQ) and 1.8 %t (YoY)r in the fourth quarter of 2016 which was better the market expectations. Among countries for which data is already available, GDP growth has picked up in France, Belgium, Latvia and Lithuania and was unchanged in Spain and Austria.

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EUR/JPY UPTREND MAY CONTINUE

On monthly chart EUR/JPY was sideways for three months and then after consolidation had a breakout. Next resistance is 200 EMA of 130.000 and recent high of 124.665.
TARGET: 125.321
TOOLS USED: TREND LINES, PRICE ACTION, SUPPORT RESISTANCE, EMA 200
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
MONTHLY CHART:
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Elens94 avatar
Elens94 7 Dez

Great!

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Tracing the EUR/JPY Retracement

If we look at EUR/JPY monthly chart it has been trading in the range of 188 touched in May 1990 to 90 touched in October 2000 with a downward bias. The current downward trend began in December 2014 from the levels of 150 on monthly charts.
After falling to the lows of 109.6 in June 2016 it has been in retracement mode with support coming in at price levels of 112.2.
I expect it to trade in range for few more weeks before it resumes it's downward trend again.
I expect the price to be around 117.2…
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