Eur/Jpy

Expected trading range for the day between 102.70 and 104.50
General tendency for the price: UP

Eur/jpy technical analysis for 08.11.2012 by using : Auto pivot indicator .

resistance 3:104.80
resistance 2:104.12
resistance 1:103.14

pivot point :102.47

support 1:101.49
support 2:100.82
support 3:99.84

http://img811.imageshack.us/img811/3273/imagetw.gif

Price pair achieved high levels down to 103.40 or so, but he could not withstand a wave of negative price fell to 101.75 level

We expect the formation of some landing to reach the level moving average around 101.15
But it must be pointed out that the steadfastness of the key support level around 100.20 makes the general trend is to the upside during the medium and long period.

Stochastic continue to form a bearish wave and down to the level of 20 and the probability of penetration down to the saturation of the sale.

Price is currently testing the lower limit of its medium term bearish channel in 101.60 indicates rebound. However, break of these levels will free up enormous potential and initiate a bullish channel more rugged.

EURJPY still looks on bearish trend. Although yesterday this pair was in a narrow range, but today it may different. The decline is heading to the 100 periods of MA line, so we should be careful of this point. If I'm correct, the pair will down to 100.30 level, touches the 100 period MA line.

It seems that the movement ended down around 100.45. To then attempt to recover up to 101.26. Stop loss if EURJPY dropped to penetrate below 100.28.

Eur-Jpy is soothing instrument for me because
where EJ moves 120 pips there
EU moves 100 pips and GU moves 80 pips at the same time.

Elliott: resistance in an elongated correction 101.27
It may attempt a test higher to 101.04 - 101.28 after which weakness may set it to a drift down to 100.36 limit.
Warning: End of trend
Technical points
Key point 100.9600
Entry point 100.8400
Elliott 104.0000
Closing 100.8400
Projection 99.9300
Trendline 100.9300
Trendline 101.2100
Supports / Resistances
Res 2 101.7200
Ex-High 101.2500
Res 1 101.2800
Pivot 100.8100
Sup 1 100.3600
Ex-Low 100.3300
Sup 2 99.8900

Eur/jpy technical analysis for 14.11.2012 by using : Auto pivot indicator.

resistance 3:102.28
resistance 2:101.78
resistance 1:101.31

pivot point :100.80

support 1:100.33
support 2:99.83
support 3:99.36

If EUR/JPY continues its sum into higher levels, it may encounter action at 117.80 (May 31 richly), 118.50 (April 26 low) and 119.20 (May 3 low). To the downside, connectedness levels lie at 117.16 (May 20 utmost), 116.90 (May 11 broad), and 116.37 (May 26 great).