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EURJPY ANALYSIS

alifari Posted 12 Oct.  in #Trader's blog #Analysis #Eurjpy
EURJPY is approaching and important resistance level at 137.45, as this level pushed down price about 400 pips last time, so some bearish reaction is expected at this level. However, I would be waiting for proper price action in order to enter short trade. The next support level is around 135.60 so there is plenty of room for a reasonable risk to reward short trade.
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EURJPY PRICE FORECAST FOR AUGUST 1ST 2014

alifari Posted 30 June as Analysis on EUR/JPY, Target: 136.5000, Date: 1st of August, 12:00 GMT  in #Technical analysis #EUR/JPY #Forecast #Eurjpy #Price
EURJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart
Price Target 136.50 for 1st August 2014
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alifari 29 July

Update 1: Price is following similar path as predicted. The 139.00 to 140.00 daily supply zone held and price dropped heavily from this zone and into daily demand zone at 136.50. Price is currently about 50 pips above my target.

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