dear friends Eur/jpy ka market rate profite mein ja raha hai agr abhi us mein invesment karo to ap profite kama sakte ho.Quote:
Originally Posted by Anytime
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dear friends Eur/jpy ka market rate profite mein ja raha hai agr abhi us mein invesment karo to ap profite kama sakte ho.Quote:
Originally Posted by Anytime
It is not entirely clear situation on eur / jpy, but significantly below the moving alligator pair could not be fixed, formed fractal south and now the pair is above the blue line, most likely corrective phase came to an end and we will see a resumption of yesterday's growth.
Currently EURJPY at 103.30 range, my prediction would EURJPY at 102.50 down and sideways at 102.75 today.
eur/jpy technical analysis by using : average directional movement index
adx : 32.0264
+di : 8.9304
-di : 18.0294
timeframe : 1 hour
time : 1900
date : 16.11.2012
Technical Outlook and Setups Chart:
Single currency pair rose through resistance at 104.00 level yesterday. Expected to explore and test at least the end of the sloping trend line before the rally further. Support will be provided by the high level of 102.00 today, while the next resistance is at 104.25/30. It is advisable to always take advantage of partial or resistance every time the target is hit. Furthermore, buy on dips towards 103.00/102.50 is a good level according to the ratio of risk / reward. See higher after breakthrough.
Trading Recommendations:
Take 50-60% profits on long positions taken earlier. Positions can be taken further on dips, move SL to breakeven point, we have no risk now!
The support on the daily chart at 113.50 is the bounce place. Multiple bottoms in this area = strong rejection.To the downside, support levels lie at 117.16 (May 20 high), 116.90 (May 11 high), and 116.37 (May 26 high).
The trading rang for today is among the major support @ 115.55 and the key of resistance @ 117.70.
The general over short term basis is to the upside targeting 117 as far as area of 117.70.
buy position successfully profit, we cut profit, 25.
we wait for the price touched our pending orders
Scenario for next week
Elliott: common flat correction up 104.60
It should trade higher to 104.87 while 102.60 or 101.90 offers support. Stop loss below 101.21 zone.
Warning: Low Zone - Engulfing pattern
Technical points
Key point 104.7900
Entry point 102.5600
Elliott 100.3300
Closing 103.4800
Projection 104.6000
Trendline 102.0400
Trendline 102.0400
Supports / Resistances
Res 2 106.2600
Ex-High 103.9900
Res 1 104.8700
Pivot 102.6000
Sup 1 101.2100
Ex-Low 100.3300
Sup 2 98.9400
On the big trend - this EURJPY on still to become more bearish trend as long as the strong supply near 103.98 can not be break by buyer again then. But, for intraday trade - of course, for better idea to make sell here, we can wait and see for breakout down to that 23.6 fibo at 103.12