Eur/Jpy

eur jpy have declined today, it terlhihat from h4 chart that shows the condition of the larger sideway predicted to fall, predicted a reversal in the 102.70 area.vote to sell this currency pair

On the hourly chart was the formation of topping formation "head and shoulders" has just hosted the first signal confirming the reversal to the south is a break of the neckline 103.47 and the pair continued to fall heavily, my target level of 102.00.

EUR/JPY
SELL
Enter :- 103.960
TP1 :- 103.211
TP2 :- 102.577
SL :- 104.871

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

As might be expected there was a retreat from 103.80 resistance (daily chart), started south practiced signal MASD (4 hour chart), waiting for my entry point to sell, range to the south still exists, may fall to 102.70 (nearest support).

eur/jpy technical analysis by using : average directional movement index

adx : 31.2400
+di : 7.0209
-di : 23.5665
timeframe : 1 hour

time : 1500
date : 19.10.2012

EURJPY approaching the upper limit of the bullish channel at 104.40 medium term decline. However, break of these levels start the bullish channel more rough.

EUR / JPY show growth ... a very good move in the channel at the top, but now we see that the pair began to roll back a little bit and I suppose that a couple can get the support and fend 102.80 growing again ... the Japanese currency has started to fall in the market .. so I think it's just a small pullback after which it will rise ..

EURJPY next week

Elliott: support in a triangle up 102.25
Currently uptrend should end around 103.70 - 104.59 area. A correction down to below 101.49 is expected. A rise above 105.92 will abort the expected correction.
Warning: End of trend
Technical points
Key point 103.9400
Entry point 102.2900
Elliott 99.6400
Closing 103.2700
Projection 106.4600
Trendline 100.9100
Trendline 101.9200
Supports / Resistances
Res 2 105.9200
Ex-High 104.1400
Res 1 104.5900
Pivot 102.8200
Sup 1 101.4900
Ex-Low 101.0400
Sup 2 99.7100

eur/jpy technical analysis by using : average directional movement index

adx : 39.1278
+di : 5.8555
-di : 15.8190
timeframe : 1 hour

time : 2300
date : 20.10.2012

If EUR/JPY continues its advance into higher levels good fast forex like work forum indian forex your work to money good