Eur/Jpy

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

adx : 51.8646
+di : 30.9807
-di : 4.2484
timeframe : 1 hour

time : 1400
date : 14-11-2012

The course worked fine double bottom, a pair of almost non-stop and was able to overcome 200 Rolling, bulls think the main purpose is medium resistance 102.18 from him I'll try to catch the southern correction (if the stop and consolidation).

I think now the couple has a chance to go to the southern end call, the couple went to the strong figure which is trading around 102.00 for the second hour, and for the last few hours of the course had grown and I think the bulls are not strong enough to go further north, stop above 102.10, target 101.50.

EUR / JPY does not matter what continues to rise, the price today has managed to break through several important resistance levels among them 102.00 figure, her breakthrough has opened a lot of potential for further growth (as the next strong level is about 103.30).

http://img854.imageshack.us/img854/4682/imagexy.gif

Try price pair trades yesterday from the breach of support at a price of 100.35 but unsuccessfully to return the pair to rise again to close yesterday around the moving average level at a price of 101.15

Pair was able to breach the moving average level down to the price of 102.00 to expect the bullish trend to continue down to the level of 102.85

Get rid of the stochastic wave down to get rid of the level of sales and re-emitting high price support

eur/jpy market analysis based on moving averages on 14-11-2012 at 14.30 hrs and 15 minites timeframe

ema5: 102.2762
ema10: 102.1930
ema20:102.0564
ema50:102.7321

Try price pair trades from the breach of support at a price of 100.35 but unsuccessfully to return the pair to rise again to close around the level when the moving average price of 100.15 approx.

Eur/jpy is powerful trading pair its daily moving average is so fast and we can get daily 50 to 90 pips very easily i think its a great trading pair and its analysis has easy to get .

After strong bullish yesterday and touched MA 21 line, now it seems that EURJPY will be corrected. If the pair can break MA 21 line (102.30), then it is possible to continue rise to 23.6 monthly fibo at 103.24. But if it fails, the pair will be corrected to arround 101.50 level

Eur/jpy technical analysis for 15.11.2012 by using : auto pivot indicator.

resistance 3:104.41
resistance 2:103.42
resistance 1:102.80

pivot point :101.81

support 1:101.20
support 2:100.21
support 3:99.60