Support & Resistance 21/11/2012
S3 103.65 S2 103.91 S1 104.18
- - - - -
R1 105.31 R2 105.57 R3 105.83
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Support & Resistance 21/11/2012
S3 103.65 S2 103.91 S1 104.18
- - - - -
R1 105.31 R2 105.57 R3 105.83
GUYS,If EUR/JPY continues its advance into higher levels, it may encounter resistance at 117.80 (May 31 high), 118.50 (April 26 low) and 119.20 (May 3 low). To the downside, support levels lie at 117.16 (May 20 high), 116.90 (May 11 high), and 116.37 (May 26 high).I bought EUR/JPY for the medium term - at least several days unless I get contradictory signals.
Eur/jpy technical analysis for 22.11.2012 by using : auto pivot indicator.
resistance 3:108.30
resistance 2:107.10
resistance 1:106.49
pivot point :105.29
support 1:104.68
support 2:103.48
support 3:102.87
In my view, the up trend movement on EURJPY still strong. Then, EURJPY also has broken the resistance level at 105.75. So, I think EURJPY will continue the up trend today and may touches or hits the higher resistance level at around 106.55 or even higher.
eur/jpy technical analysis by using : average diredtional movement index
adx : 58.3137
+di : 21.7163
-di : 19.1395
timeframe : 1 hour
time : 0600
date : 22.11.2012
Support: 103.50
Pivot: 105.28
Resistance: 107.05
trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel buy
20 day MA VS Price buy
20-50 Day MACD oscillator buy
20 Day Bollinger Bands buy
Technical Analysis for EURJPY 100% Buy
In M30 chart price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Target: 106.38/106.91
short poaitions at 106.20 with 105.75 and 105.05 as next targets
the breakout of 106.50b will call for arebound towards 106.95
Scenario for today
Elliott: support in an impulse wave up 105.32
Uptrend is still intact in a triangle configuration. It should continue to rally to 105.95 or 106.48 if support around 105.29 hold. After which a pullback to 105.29 - 104.99 zone is possible.
Technical points
Key point 106.7600
Entry point 105.4000
Elliott 100.3300
Closing 105.8800
Projection 107.2300
Trendline 104.4800
Trendline 104.7500
Supports / Resistances
Res 2 107.0800
Ex-High 105.8900
Res 1 106.4800
Pivot 105.2900
Sup 1 104.6900
Ex-Low 104.1000
Sup 2 103.5000
EUR/JPY touched the resistance 1 but it still fail to breakout and down for retracements till FE 23.6 @106.24.Quote:
Originally Posted by romannil
So, i expect it will arise again to reach till FE 61.8 @106.90. Trend : Strong Bullish and Momentum also bullish.
Spoiler: