According to my personal experience and market signals of the pair EUR/JPY is on Selling position. the current price of this pair is 101.400
So, the EUR/JPY might be touches the 101.196 .
Best of Luck ...
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According to my personal experience and market signals of the pair EUR/JPY is on Selling position. the current price of this pair is 101.400
So, the EUR/JPY might be touches the 101.196 .
Best of Luck ...
If a M15 close above 105 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 101 sell only and do not buy. If price closes back above it again do nothing
The range 105 and 101 is neutral area, any trade done in between is personal decision and not part of this analysis
The EUR / JPY has just approved a break out of the support located at 101 with a new sell signal.
The course is preparing to test its downward slant (purple line down the chart).
The indicators are bearish.
We continue to advise treat only short positions as the course will be located under 101.50.
Maintaining the course in 101 will strengthen our bearish sentiment on parity.
A break out of 100 will then offer a new sell signal for an extension of the downward movement towards the next support located at 99 or even lower if this level is broken down.
In case of return of the course above 101.50 then we will wait for a break upward from 102 to advise entering / not treat more than long positions on gender.
Attachment 232Attachment 233
The EUR / JPY found support yesterday on its downward slant (purple line down the chart).
The course is currently pursuing its development above this angle.
All indicators are bearish.
We continue to advise treat only short positions as the course will be located under 101.50.
Maintaining the course in 101 will strengthen our bearish sentiment on parity.
A break out of 100 will then offer a new sell signal for an extension of the downward movement towards the next support located at 99 or even lower if this level is broken down.
In case of return of the course above 101.50 then we will wait for a break upward from 102 to advise entering / not treat more than long positions on gender.
Attachment 278Attachment 279
The EUR / JPY has just approved a split of its oblique downward (purple line down the chart).
The course has also validated a break out of the support at 100.
The course is currently pursuing its development above this angle.
All indicators are bearish.
We continue to advise treat only short positions as the course will be located under 100.50.
Maintaining the course in 100 will strengthen our bearish sentiment on parity.
Breaks downward and then 99.50 then offer 99 new sell signals for an extended downtrend.
In case of return of the course above 100.50 then we will wait for a break upward from 101 to advise entering / not treat more than long positions on gender.
Attachment 340Attachment 341
this pair has a good up movement of nearly 800pips in last two weeks and those who bought at that stage will really have a good profit now but at present we have to observe the market and then enter into trade based on the market movement
We may see the fall in euro jpy in few upcoming hours because i think that market is not good at the present time and this is the first day of the market I prefer to stay away from the market and try to put on position when the market is going good at the present time not so sure about any thing.
http://speedcap.net/img/d4076cff4a5c...6/ede6a27a.png
the price of eur/jpy is in the downward trend. the fastest ema couldn't break the slowest ema positively and the price level also trade under the two ema line.
the take profit pips will be -15
with stop loss pips of-35
http://speedcap.net/img/a8c6f5f39130...6/df8aa328.png
the chart is showing that the pair has succeeded in closing it's hourly candle below the tow ema.price goees below the two ema and two ema also cross each other negatively.
we will set take profit pips -25
with giving stop loss pips of-40
the pair is facing strong resistance in area 110-111, we need a daily close above this area to target 123 area then we may have big correction before going above 130 level by end of this year.
Not only eur/jpy, but all xxx/jpy pairs need some correction before they continue the up trend. on EURJPY chart we may have a correction till 106.50 level (23.6% fibo and the up trend line), it will go to continue flying!
http://img577.imageshack.us/img577/1144/17549772.gif
its avery good oppertinity to sell eur/jpy now for more than 100 pip ......... eur/jpy needs a good correction right now before coninuing the upward trend
The EUR / JPY moves in a bearish channel on the short term, and an upward trend on the medium term.
If the price breaks the 110.80 we can go long with an initial target 111.40 and 111.90.
Otherwise, if the current rebound towards the support level 109.80 and 100 , 200 moving average on the chart of 1 hour we go short.
http://img189.imageshack.us/img189/1739/eurjpy1h.gif
http://img856.imageshack.us/img856/3253/eurjpy4h.gif
Eur/jpy in my opinion is ka trend bearish ha,or 106.852 is ki pehli support ha jaha se exact market kal bounce ho gai ha,ab Eur/jpy ka trend bullish rahe ga,yani bohat km chances ha k ye 106.852 tk wapc aye aj, or is ki pehli resistance 108.369 ha:respect:
The pair continuing move to the downside after breaking the triangle has formed last week ,until this moment EURJPY has reached to very important support at 105.70 almost 20 pips below the 38.2 retracement of last upward trend,also divergence in MACD indicator at one hour timeframe warns us of possible price move in opposite direction ,if you look at daily timeframe you will see that price has aproached to the 105.70 level and every time changed it's direction immadiatley ,and this scenario could happen again !
The industry is lastly in the procedure of repairing following the newest increase to clean 2012 peaks just over 111.00. From here, we see threats for further weak point towards the 105.00 area, but eventually any extra problems should be well reinforced in support of a resumption of the new favorable pattern. We claim the mix has designed a significant cyclical base and the longer-term threats from here are for ongoing durability. Only back under 102.00 would wait perspective and give purpose for issue.
As i mentioned yesterday in the upside quote,the price bounced to the upside from 105.70 level with acceptable accuracy,now i moved stop loss to break even and wait for latter price actions ,my tp would be at 108.00 area also weekly pivot point placed there at 108.17.Quote:
Originally Posted by MFTRADER
http://nk6.upanh.com/b4.s13.d5/374be...3358326.ej.bmp
EUR/JPY is having the bullish strong trend and the pair will go to level 107.45 today and If can break 107.45 . I believe the uptrend will be stronger and we do not need to put take profit point .
Let's have a look at H4 chart, the price has just broken out the downtrend. The MACD crossed the zero line and is over the zero line. Therefore, the price will be up today. Wait for a confirmation on H1 chart and only enter Buy order.
http://img13.imageshack.us/img13/5443/76143566.jpg
as we see From H4 chart , we have down trend stared from 30 mar , so we should wait now and see what will happen , if the pair move down it will reach the support level 0% and there it will reverse direction and move up so we can make buy at this level .
Attachment 838
nice rising momentum for this pair started from last monday have give me a clear signal for a correction swing already in , i think the price is nearing the top for wave a in the daily chart and later on next week the wave b and c will unfold
The break of 106.50 minor support indicates that recovery from 104.63 is possibly completed at 108.00 already. Intraday bias is flipped back to the downside. After all, price actions from 111.42 are treated as a correction and deeper decline could be seen to 104.63 and below. Above 108.00 would bring another rise towards 111.43.
As we see from H4 chart , EURJPY tested the down trend and now it will move downward again so we expect it reach the support level at 38.2 % and make retest so we can make sell order now .
Attachment 992
EURJPY Potential Rebound. Intraday bias remains neutral in the short term. On the side it is still necessary and consistent penetration of the daily closing above 107.15 area to continue the bullish scenario testing area of 108.00 - 111.45.
Support the closest look at the 106.30 area, fell again under the area should trigger further bearish pressure targeting the 106.30 support area.
http://img40.imageshack.us/img40/1779/eurjpyp.png
The pair is going up after facing the uptrend as shown in the chart , the pair will face soon the resistance level @ 106.16 (23.6%) and i expect it to break this level and beyond it reaching the downtrend line , then the pair will make retest and go down again , i suggest from here to buy this pair on the short term , Good Luck
i think that EURJPY will move upward on the short term as we have a moving up trend and so i suggest buying now with tp1@23.6% as we have a resistance level@this level.
i think that the pair will rise, so you can buy with target 107.00 as there will be a resistance on the daily chart.http://img14.imageshack.us/img14/1980/20439697.jpg
EURJPY is moving in down trend there as show in H4 chart , but there is a support level at 104.46 , so if the pair couldn't close below this level we will expect up direction for this pair till reach the down trend and make retest , and then we can make buy order .
Attachment 1086
We can see in H1 chart of the pair. The price has made a strong decrease from 111.42. Price crossed the Kumo Cloud and it is under the EMA 200. MACD is under zero line. So, I think the main trend is downtrend now.
http://s13.postimage.org/u47oynz2v/image.jpg
price movement is strongly influenced by the euro jpy and usd euro usd jpy both the tug each other with each other if the euro usd usd jpy rose then fell while eurojpy relies heavily on them if one of the dominant curency ej will move to follow any curency dominant if on the contrary he continued to follow the most dominating, if there is a reversal of the direction of the price that had been strong up or down will turn around immediately, regardless of the previous motion because this is so very difficult position we are trading euro jpyQuote:
Originally Posted by jango
Let's analyze in H1 chart. We can see that the price is under the Ichimoku Kumo Cloud, this indicates that the price is on down trend. Therefore, I think it will continue to be down now.
http://s10.postimage.org/p3wbmxl8p/image.jpg
We can see that in H4 chart, the price is below the Ichimoku Kumo Cloud and EMA 200, these indicate that the price is on down trend. Therefore, in my opinion, the price will return to the Kumo cloud and then it will continue to be down.
http://s10.postimage.org/9z4t309ix/image.jpg
Below the dayly data of support and ressistance:
pivot point: 103.94
r1: 104.35
r2: 104.85
r3:105.26
s1:103.44
s2:103.03
s3:102.53
In asian market the pair was down to support 1 dayly level then it was going up until now. If we seeing ma 96 in the picture (yellow) being down that indicates pair in down in medium tend as well as ma 480 is going down.
In mreinstein stochastic indicator , stochastic tf h4 look in oversold area so the price can predict up to weekly support 1 level at 103.73 then going up again in 103.94.If the down trend continue, the price can down to monthly support 1 level (103.17). I predict the price going up then retrace down to 103.30.
The trading range for today is among the major support at 101.35 and the major resistance at 105.00.
The short-term trend is to the downside as far as 123.30 remains intact, targeting 94.80.
http://i50.tinypic.com/121e4gw.gif
Recommendation : Based on the chart and explanations above, our opinion is selling the pair around 103.85, targeting 102.55 and 101.35 and stop loss above 105.00 might be appropriate
i think that we should sell EURJPY as we have a moving up trend on the daily chart so i predict that EURJPY will move down ward our tp1 will be @38.2% as we have a support level @ this level.
After retrace up from weekly support 2 level at 102.99 the price up strong until dayly pivot area. If up trend continuing the price can be touch dayly ressistance 1 level at 103.68 then in to strongly ressistance at 104.39.
For technical analysis today :
ma 16 as short term trend indicator= up
ma 96 as medium term trend indicator= down
ma 480 as long term trend indicator = down
So the trend is down weak.
Signal of mreinstein oscilator tf h1 at overbought area indicates the price can be down for several candle in future. Waiting for sell position if price touch 103.68.
The trend may doen again if there isn't good news in european.
Let's have a look at H1 chart of the pair. There is a Divergence on MACD. Moreover the Ichimoku Kumo Cloud is flat, this will attract the price. Therefore, I think the price will go up today.
http://s17.postimage.org/kzwevjwcf/image.jpg
The trading range for today is among the major support at 101.35 and the major resistance at 105.00.
The short-term trend is to the downside as far as 123.30 remains intact, targeting 94.80.
http://i48.tinypic.com/30as8pz.gif
Recommendation : Based on the chart and explanations above, our opinion is selling the pair around 103.85, targeting 102.55 and 101.35 and stop loss above 105.00 might be appropriate
This pair dosn't up strong enough otherwise yesterday gone up to 103.76 and retraced down from that level until closed market at 103.38. The downward movement is following long term trend (down).It estimated that the price can continue down again to 102.93 as dayly support 1 level.
Below trend analysis today with ma system:
ma 16 as short term trend indicator= down
ma 96 as medium term trend indicator= consolidation
ma 480 as long term trend indicator = down
So the trend is down.
Let's have a look at H4 chart of the pair. We can see the price is below the Ichimoku Kumo Cloud and EMA 200. But the Kumo Cloud is flat. Therefore, i think the price will increase slightly to the kumo cloud and then it will decrease strongly.
http://s15.postimage.org/4nqyjk7e3/image.jpg
Spoiler: