eur / jpy still managed to overcome rolling alligator (which acted as a support), after the break is a small northern correction, when it will sell by the end goals of 99.80 (medium support).
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eur / jpy still managed to overcome rolling alligator (which acted as a support), after the break is a small northern correction, when it will sell by the end goals of 99.80 (medium support).
http://img560.imageshack.us/img560/1774/imageyz.gif
Oscillates EUR / JPY around 101.20 after falling levels today after touching the resistance located at 101.82 levels and content then the SMA 55 and was supported by the decline stochastic
No clear signal now to the direction of the pair to pressure SMA 55 from the top, stochastic gives a positive signal for the rise
Breaking levels 101.03 and closure underneath you will pay the price for the drop to the 100.37 levels either shutdown the highest levels of 100.82 will pay the price for the rise to levels 102.50
102.05-102.17 area will be the next obstacle for the price to appreciate because the area is an indication of overbought area i think for this pair
Couple today demonstrated a strong fall, a few hours before the course again broke through the level of short-term 101.05 (figure), and strengthened its position below the 200 moving average, I'm still waiting for compensation for the sale.
Elliott: flat correction down 100.94
It is likely to fall towards 101.36 - 100.97 as its corrective rally could falter in 102.05 - 102.35 area. Stop above 103.12 zone.
Warning: Imminent end of bearish move
Technical points
Key point 101.3500
Entry point 101.9300
Elliott 102.8000
Closing 101.5900
Projection 100.9400
Trendline 102.5100
Trendline 102.2100
Supports / Resistances
Res 2 103.1200
Ex-High 102.5100
Res 1 102.3500
Pivot 101.7400
Sup 1 100.9700
Ex-Low 101.1300
Sup 2 100.3600
I think the bearish movement on EURJPY still strong enough. Now, EURJPY almost touch and move near the support level at 100.43. If EURJPY can break this support level, I think EURJPY has a big opportunity to fall and reach the lower support level at around 99.49.
Spoiler:
Eur/jpy hold in monthly pivot level (100.66) after felt down from weekly pivot level (101.70) yesterday. Price felt down from highest level (101.83). if this condition still continue in this day, price predicted to touch psichological point 99.82.
Eur/jpy technical analysis for 10.10.2012 by using : Auto pivot indicator.
resistance 3:102.90
resistance 2:102.39
resistance 1:101.61
pivot point :101.10
support 1:100.32
support 2:99.81
support 3:99.03
Eur/jpy buy above 101.219 with a target of 101.600[COLOR="Silver"]
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EUR/JPY SELL BELOW 100.727 WITH A TARGET OF 100.350
Base on 30M GRAPH
Same movement seen in 3 indicators for EURJPY movement today; GMMA with his two EMA groups showed that prices in the near future will likely signal a decline, although the significance level is still not very strong; MACD it shows the same thing with GMMA, but with a stronger level of significance, with the indicator area figures moving toward zero (0); Stochastics similar to the MACD is also showing strong indications that the number of indicators to try to penetrate into the area 20. If confirmation of the decline occurred during the day, then the range of support will be recorded in the areas of 100.29 (38.2% Fibonacci retracement), 99.68 (23.6% Fibonacci retracement) and 98.68 (0% Fibonacci retracement). However, if the opposite happens then it will be recorded in the resistance range of areas 100.79 (50% Fibonacci retracement) and 101.28 (61.8% Fibonacci retracement).