Eur/Jpy

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

adx : 26.6347
+di : 19.8123
-di : 15.4675
timeframe : 1 hour

time : 0700
date : 30.11.2012

INTRADAY TRADING SIGNAL

EURJPY M15

I am all bearish for all yen pair this week, and I am expecting the same for EURJPY. Looks like market will likely go down to test the lower part of a channel up chart pattern on this m15 chart, after a strong upward force yesterday. I believe that the upward movement's just a correction made to gain momentum to go further to south, at least to 106.75

Eur/jpy technical analysis for 30.11.2012 by using : Auto pivot indicator.

resistance 3:107.57
resistance 2:107.20
resistance 1:106.89

pivot point :106.52

support 1:106.21
support 2:105.84
support 3:105.53

Here's the breakdown of resistance and took 107.11, the pair finally managed to strengthen the figure above 107, after breaking the mark occurred pulse rise and then started a small side correction, the underlying trend is still in force, the goal is now 108.00, 108.60.

EUR/JPY's break of 107.13 suggests that rise from 100.32 has resumed. Intraday bias is back on the upside. Current rally is part of the whole rise from 94.11 and EUR/JPY should target 100% projection of 94.11 to 104.58 from 100.32 at 110.79 next, which is close to 111.43 key resistance. On the downside, break of 105.27 support is needed to signal short term topping. Otherwise, we'll stay bullish in case of retreat.

In the bigger picture, we're favoring the case that whole down trend from 169.96 (2008 high) has completed at 94.11 already, on bullish convergence condition in weekly MACD. The strong break above 55 weeks EMA affirmed this view. Break of 111.43 resistance will confirm this bullish case and bring further medium term rise to 123.31 (38.2% retracement of 169.96 to 94.11 at 123.08) and above. And, we'd favor this bullish scenario as long as 100.32 support holds.

Currently EURJPY is testing resistance at the middle of the medium-term bullish channel at 107.30. And it seems the decline has begun. But if you can pass this level will potentially large and reach the upper channel at 108.20.

Support: 105.83
Pivot: 107.06
Resistance: 108.29

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 hold

Technical Analysis for EURJPY 80% Buy

The pair continues to maintain an upward trend, and it is clear that there is a breakdown of the next level of resistance and fall back under him again .. so this just might be the point of purchase, and there is a trend to pass lin ... and the daily chart looks very convincing to the top. ..

current position, a position floting loss, -5.
two positions have not been executed pending orders.
price is currently undergoing a correction, and it seems like the trend up will not change.
because green marbles are still outside the lines.
position of pending orders are still valid.

We can see - on the 4H TF . the price was pullback down from that so strong supply zone (107.67). So with simple say = for next plan trade here .search again for sell with SL max. on above 107.67