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EURJPY RISING!!

Trading concept:Stochastic indicator and price action are the only indicators used on weekly and monthly charts.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short. When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below…
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P3tr4 19 Jun

In line with my prediction, eurjpy has continued heading up. It is already within striking distance of my prediction. The yen is losing value very quickly, due to the bank of Japan stance on weakening its currency to promote trade and boost business activity.

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P3tr4 21 Jun

Stoch indicator is turned up, even though it is in over-bought region. The daily candle is very bullish, meaning there is still room upwards before this market turns down. Eurjpy is trending up, but my prediction could come into play after this bullish run.

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P3tr4 23 Jun

Eurjpy is testing the daily resistance, and if it manages to close above this level, then 126 would be the next logical stop. The stoch indicator is clearly over-bought, but this could be an opportunity to go long, as the bullish run may not be over yet.

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EURJPY FALLING!!

Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20, the trend is bearish with …
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EURJPY RISING!!

Trading concept:
Stochastic indicator and price action are the only indicators used. When stochastic crosses up,
we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such
areas are overbought areas. So predictions at this point could also be bullish, but bearish
predictions are a good possibility here also. Same applies for when stochastic is below 20,
the rend is bearish wit…
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EURJPY RISING!!


BULLISH TREND
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P3tr4 12 Mar

Update 1: Unfortunately, I didnt have time to give a detailed description of my analysis, but a picture is worth a thousand words. This prediction was made with the a bullish euro market in mind. After getting to 124, any decline is to be viewed as a corrective wave before going back up. The current quote is 122.62, 62 pips away from my price.

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EURjpy to go up

The Bank of Japan policy to continue to weaken the japanese yen is still active. So even with the weak euro, i still expect the euro to gain over the yen.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
The daily chart is showing some tightening of the bollinger bands, with the stochastic indicator crossing up, signaling bullish momentum.
The indicator is also above the 50 mark, which is good for more bullish action.
Weekly chart is also showing some rise in th…
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Yen pairs to continue gains into february

Indicators:
Bollinger bands
Stochastic indicator
The yen currency has been strong since the year 2015 began, i am looking at the trend to continue.
Target for the EURJPY is 128.
From 148, currently at 132.70.
i see more room for price to go down.
price pull back to 134 and is already on its way down again. Selling all euro rallies looks like a good plan going into the next month.
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EURo to take pairs higher!!

From the chart below, the pair is currently bouncing up from the bollinger middle line with stochastic indicator below the 50 level. I am expecting the pair to recover, already we can see this is a second day of recovery.
I expect price to break the upper band line and head north. But before then i expect some retracement from the pair. The weekly chart shows some bearish with a sell candle forming. The stochastic indicator is also crossing for a drop.
I expect a drop before a subsequent climb t…
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BOJ pushing yen pairs up

The chart below was yesterday's chart, with BOJ increasing its stimulus, i am seeing the eurjpy getting to 143 in a few weeks.
there is a strong resistance at 145, how price reacts at that level will determine further trends.
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Bullish EURJPY

For the technical analysis contest, i have realized that i have to use larger time frames to get accurate predictions. I am predicting 148.50 for the EURJPY. This is because it is a round-number area, and the pair has been bullish, i expect some correction, but i do not think the BOJ will change their stance on continuing to weaken the yen currency.
The above screenshot shows the monthly up trend, i expect a correction, but ultimately 150 is the next area to watch.
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