{"id":13117,"date":"2010-09-17T09:33:46","date_gmt":"2010-09-17T13:33:46","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13117"},"modified":"2010-09-17T09:33:46","modified_gmt":"2010-09-17T13:33:46","slug":"eurjpy-uptrend-might-be-at-its-end","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/17\/eurjpy-uptrend-might-be-at-its-end\/","title":{"rendered":"EUR\/JPY uptrend might be at Its End"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The pair has recorded much bullish behavior in the past several days.  However, the technical data indicates that this trend may reverse  anytime soon. For example, as I demonstrate below, the 8-hour chart  signals that a bearish reversal is imminent, and it might have the  potential of reaching towards 111.00 in the coming days. This might be a  good opportunity for forex traders to enter the trend at a very early  stage and a great entry price.<\/p>\n<p>\u2022\tBelow is the 8-hour chart of the EUR\/JPY currency pair.<\/p>\n<p>\u2022\tThe technical indicators used are the Slow Stochastic, Williams Percent Range, and Relative Strength Index (RSI).<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 2: The Relative Strength Index (RSI) signals that the price  of this pair currently floats in the over-bought territory, indicating  downward pressure.<\/p>\n<p>\u2022\tPoint 3:  The Williams Percent Range has peaked near at the 0  marker, which means that there may actually be a strong level of  downward pressure.<\/p>\n<p>EUR\/JPY 8-Hour Chart<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/09\/EUR-JPY-17-9.JPG\" alt=\"\" width=\"530\" height=\"650\" \/><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/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 Anton Eljwizat &#8211; The pair has recorded much bullish behavior in the past several days. However, the technical data indicates that this trend may reverse anytime soon. For example, as I demonstrate below, the 8-hour chart signals that a bearish reversal is imminent, and it might have the potential of reaching towards 111.00 in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/17\/eurjpy-uptrend-might-be-at-its-end\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/JPY uptrend might be at Its End&#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-13117","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13117","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=13117"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13117\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}