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EUR/JPY : The correction is launched !


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#1 ⇑ Haut ⇑ 21-02-2013 10:12:59

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EUR/JPY : The correction is launched !

The pair EUR/JPY started yesterday a bearish rally. The price has just validated this morning the breakout of 124 points (sell signal), as well as its medium term bullish slant (brown segments). The price is going to test the center line of the  short-term bearish channel (orange lines).

I advise traders to trade only short as far as 124 is resistance.
A break of 123 points will provide a new sell signal for an extension of the bearish rally towards 122 points.

In case of return above 124 points, I would advise traders to wait for breakout of 125 points before trading long positions.


EUR/JPY 1h Chart

http://www.tribuforex.fr/analyses/FOREX/eurjpy-21022013.png

EUR/JPY 4h Chart

http://www.tribuforex.fr/analyses/FOREX/eurjpy-21022013-2.png







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#2 ⇑ Haut ⇑ 26-02-2013 09:46:41

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Re: EUR/JPY : The correction is launched !

The pair EUR/JPY made a pullback yesterday on 125 and also on its its medium term bullish slant (purple line), before to start a powerful bearish rally.
This rally stopped on 119 and the price already made a pullback on 121.
The price is currently sailing on the support line of the short-term bearish channel (orange lines on the graphs).
This morning, the pair has again found support on 119 points, and is trying to rebound above 120 points.

I advise traders to trade only short positions as far as 122 is resistance.
A stay below 121 points (better! A return below 120 points) will strengthen the bearish sentiment.
Downward breaks of 119 and then 118 points would offer new sell signals for an extension of the bearish rally towards 117 points.

In case of return above 122 points, I would advise traders to wait the breakout of 124 before trading long positions.


EUR/JPY 1h Chart

http://www.tribuforex.fr/analyses/FOREX/eurjpy-26022013.png

EUR/JPY 4h Chart

http://www.tribuforex.fr/analyses/FOREX/eurjpy-26022013-2.png




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#3 ⇑ Haut ⇑ 01-03-2013 09:21:51

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Re: EUR/JPY : The correction is launched !

The pair EUR/JPY is moving into two bearish channels (brown lines and orange lines on charts). Before yesterday, the price made ​​a pullback on mid lines of these two medium term channels. The pair continues to move around 121 points.

I advise traders to trade only short positions as far as 122 is resistance.
A return below 121 points will strengthen the bearish sentiment.
Downward breaks of 120 and then 119 points would offer new sell signals for an extension of the bearish rally towards 118 points.

In case of return above 122 points, I would advise traders to wait the breakout of 124 before trading long positions.


EUR/JPY 1h Chart

http://www.tribuforex.fr/analyses/FOREX/eurjpy-01032013.png

EUR/JPY 4h Chart

http://www.tribuforex.fr/analyses/FOREX/eurjpy-01032013-2.png




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    EUR/JPY : The correction is launched !



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