Could not resist and got on sale, a pair of well grown and it is normal to wait for the southern rollback, the pair stopped at much resistance 103.40, MASD shows a sell signal as to be 102.70.
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Could not resist and got on sale, a pair of well grown and it is normal to wait for the southern rollback, the pair stopped at much resistance 103.40, MASD shows a sell signal as to be 102.70.
Eur/jpy technical analysis for 18.10.2012 by using : Auto pivot indicator.
resistance 3:104.78
resistance 2:104.27
resistance 1:103.92
pivot point :103.41
support 1:103.06
support 2:102.55
support 3:102.20
EURJPY had broken the 103.18 resistance level yesterday. Now, I think EURJPY still in the up trend and has potential to continue going up and reach the higher resistance level at 104.08 or higher. But this up trend may changes if EURJPY can fall and break 103.18
EUR / JPY has been out of the symmetrical triangle. Potentially leading to the upper side at 105.90. Monitor test strong resistance area defined by the declining trendline and previous high at 103.86. Support per hour at 102.62 (intraday low).
EUR / JPY moves in a long-term downtrend (see trendline that connects the Top October 2009 with Top April 2011). Oscillator medium term support test of this downtrend.
The euro rose against the yen on Thursday on hopes a summit of E.U. policymakers set to open later in the day will produce policy action that will abate the European debt crisis.
In Asian trading on Thursday, EUR/JPY hit 103.73, up 0.16%, up from a low of 103.63 and off a high of 103.73.
The pair sought to test support at 102.92, Wednesday's low, and resistance at 103.75, Wednesday's high.
European Union policymakers on Thursday will open a two-day summit in Brussels to discuss Greece's steps towards restoring fiscal health as well as ways to firewall and extinguish the debt crisis, especially in Spain.
Talk continued to grow ahead of the summit's opening on Thursday that Spain is moving closer to officially requesting a bailout from its neighbors.
Such as request would make the country eligible to participate in the European Central Bank's sovereign bond-buying program, which would lower borrowing costs in Madrid debt auctions and give investors a boost of confidence to take on risk.
Such optimism sent the safe-haven yen falling against the single currency.
Stronger-than-expected housing data out of the U.S. fueled demand for risk as well, which also came at the yen's expense.
The U.S. Census Bureau reported earlier that housing starts rose 15% in September to a seasonally adjusted 872,000 units, far surpassing market calls for a 2.7% increase to 770,000.
The U.S. government added that the number of building permits issued in September rose 11.6% to a seasonally adjusted 894,000, beating out expectations for a 1.1% gain to 810,000.
I think now its time for pair to go up . It can be bought from here till....
This pair is not showing too much move..
we have a support level on the daily chart @50% so i predict that EURJPY will move upward on the short term and i suggest buying this pair now our target point will be@61.8%.
EUR JPY rose during the period prior to achieve a clear positive on the price of his arrival to the level of 103.40 and lasts since morning trading positively above the level of 102.80, which form of resistance against the pair
http://i47.tinypic.com/fcp62s.gif
The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 102.10 and key resistance at 106.30. Based upon my chart analysis, I prefer to buying the pair around 103.10 with targets 103.70, 104.65 then 105.25 and stoploss with four hour candle closing below 102.10.
this is pattrn ascending alright sir?? great powerfull bullish... i think i want to buy but waiting make new HL. after that will be buy again..please corection...Quote:
Originally Posted by ashaab