{"id":11169,"date":"2010-07-19T08:45:00","date_gmt":"2010-07-19T12:45:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11169"},"modified":"2010-07-19T08:45:00","modified_gmt":"2010-07-19T12:45:00","slug":"buy-signals-on-the-eurjpy","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/19\/buy-signals-on-the-eurjpy\/","title":{"rendered":"Buy Signals on the EUR\/JPY"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong> &#8211; The euro has been falling since Friday against most of its currency  counterparts, but few traders are concerned since many indicators are  pointing toward an impending correction. As can be seen below, the  EUR\/JPY has reached the lower border of a steady bullish channel and  many of the corresponding indicators appear to be anticipating a bullish  correction over the remainder of the day.<\/p>\n<p>&#8211; The chart below is the EUR\/JPY 4-hour  chart provided by <a href=\"http:\/\/www.forexyard.com\/en\/open-live-account\">ForexYard<\/a>. The  indicators used are the Stochastic (slow) and Williams Percent Range.<\/p>\n<p>&#8211; Point 1: on the chart below you can see the bullish channel lines  drawn in red. The price has recently fallen to touch the lower border of  this channel and may experience a technical correction.<\/p>\n<p>&#8211; Point 2: the Stochastic (slow) on this chart appears to be  providing us with a fresh bullish cross, indicating that the next major  movement may be in an upward direction.<\/p>\n<p>&#8211; Point 3: the Williams Percent Range has the price indicator far  below the -80 mark, indicating the price is over-sold and should see  some upward pressure.<\/p>\n<p><strong>EUR\/JPY \u2013 4-Hour Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/EURJPY-4Hour1.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/EURJPY-4Hour1.JPG\" alt=\"\" width=\"595\" height=\"555\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                             Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                             may not be suitable for all investors. There    is  a              possibility      that     you   could sustain a  loss   of  all   of    your         investment and      therefore  you        should   not    invest   money  that   you      cannot afford to         lose. You    should    be      aware of   all   the    risks      associated with     Foreign      Exchange    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Greg Holden &#8211; The euro has been falling since Friday against most of its currency counterparts, but few traders are concerned since many indicators are pointing toward an impending correction. As can be seen below, the EUR\/JPY has reached the lower border of a steady bullish channel and many of the corresponding indicators appear &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/19\/buy-signals-on-the-eurjpy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Buy Signals on the EUR\/JPY&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11169","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=11169"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11169\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}