Eur/Jpy

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Price can not able to rise and now shown down and make lowerest level. this condition still affected by movement at previous week that trend in medium and long term move down. If price continue down, it may predicted fell down to weekly support 1 level (102.29).

Pivot point (level of invalidation): 103.35

Our preference: Short positions at 103.27 with targets at 102.55 and 102.25 in extension.

Alternative scenario: Above 103.35, we expect further upside with 103.8 and 104 targets.

Technical Comments: the RSI is bearish mixed.

Simple Analysis EUR / JPY, October 26, 2012.
In the H1 time frame, there are indicators that the trend in the fall, the AO (<0.00), CCI and MACD cross each other in the area sell. While indicators WMA 100 and 50, also showed a trend still sell. Based on this, more sell transactions a recommendation, with a target profit at 101.89 (support 2). Good luck ...........

EUR/JPY
BUY
Enter :- 102.9420
TP1 :- 103.528
TP2 :- 104.138
SL :- 101.709

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

http://img22.imageshack.us/img22/4800/imageef.gif

Price pair is still stable above the support level around 102.30 to remain bullish price
It is worth mentioning that the level of 102.30 is also the level of support, which has long tried to pair unshielded

Price stability above this level we expect to rise up to the level of 107.20 during the coming period.

Stochastic is bearish wave, which makes price dialogue with a new level of support from

Consolidation from 104.58 short term top is still in progress and intraday bias remains mildly on the downside for deeper fall. But we'll stay near term bullish as long as 100.14 support holds and expect rise from 94.11 to resume later. Above 104.58 should target 111.43 key resistance.

The RBA transactions data shows a significant increase in foreign-currency holdings accumulation in August & September (AUD863 million vs average of around AUD100 million every two months). According to ANZ FX Strategist Andrew Salter, "this can be viewed as a covert and passive intervention in the Australian dollar of modest proportions, but nevertheless is a clear signal of a change in the RBA's view and intentions." The bank expects "the RBA to proceed slowly and as such see a long road to fully fledged overt and active intervention."

Couple I assumed continued falling, fighting off the resistance of 103.10, the course has significant potential move, the nearest strong level of support - is 102.00 figure, technically means south.

EURJPY is currently trading below 103.00 supply zone, during the past five days is bearish. If continue, bearish confirmation will occur. Prices can reach the level of supply at 102.00 this week.