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Uhlalutyo lwamaxabiso e-EURJPY-nge-13 kaDisemba
Strong bullish momentum for the euro against the Japanese yen, as it decisively separates to the top of a new trend, and moves above MA 5 and 13 after the horizontal area. The foreign currency pair is likely to continue closing above for two days in a row after rising past the moving averages on the level at 121.01. However, it appears that Friday will end on a possible bearish reversal.
Amanqanaba aphambili
Amanqanaba okumelana: 127.52, 124.31, 123.37
Amanqanaba enkxaso: 121.01, 119.24, 115.83
I-EURJPY yexesha elide iTrend: Bullish
In the longer term, bounce from the level at 115.83, shows expectations from the bottom are only corrective. In the event of further progress, a strong resistance might be recorded (now at 124.31 level) to contain the upside trend.
However, the continuous breach there might indicate a further bullish reversal and should target the level at the major resistance level at 127.52. Expectations are still bullish, indicating a bullish trend in the short, medium and long term.
I-EURJPY yexesha elifutshane kwiTrend: Bullish
The daily bias remains on the top side of the level at the 122.65 resistance first. A break there might target the main resistance (now at 124.31 level).
On the downside, a break of the resistance turned support level at 121.01 is required to support the signal for a short term top. Otherwise, the outlook may stay bullish in case of a decline.
Isixhobo: EURJPY
Umyalelo: Thenga
Ixabiso lokungena: 121.47
Yeka: 119.24
Ithagethi: 124.31
Phawula: I-Learn2Trade.com ayingomcebisi wezezimali. Yenza uphando lwakho ngaphambi kokuba utyale imali yakho kuyo nayiphi na iasethi eyimali okanye imveliso ebekiweyo okanye umsitho. Asinaxanduva lweziphumo zakho zotyalo-mali
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