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The EURJPY on bulls probability and look more bulls again after the buyer on this pair can move up break up to that 38.2 fib (106.73) again then. With this look of course, we can also set the pending order with use BuyStop on above the price 38.2 fib (106.73),
Support: 105.73
Pivot: 106.39
Resistance: 107.06
trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel hold
20 day MA VS Price buy
20-50 Day MACD oscillator buy
20 Day Bollinger Bands hold
Technical Analysis for EURJPY 60% Buy
short positions at 106.84 with 106.50 and 106.35 as next targets
the breakout of 107.22 will call for arebound towards 107.50
am expecting this pair to continue this downward movement to around 106.63-106.38 level on the medium term trend and a possible continuation of the long term trend from this level, but for now am still holding short.
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The pair approached the price of 105.90 level to form a bullish wave back stabilizes above 106.50 to continue rising Ptoukana All Time nearby firmly support level around 105.35.
Expected to form a bullish wave that penetrates through which price level 108.00
False breakdown over 200 breakthrough rolling resistance and figure of 107.00, the pair did not find an active buyer and bears easily back rate back below this mark, + RSI also filed southern light, opened the sale, until the stop just above 107.10.
A pair of sliding steadily broke sineyu alligator south course did not work signal now (to purchase) to wait for the normal capacity of 107.00 above figures only goal could be a local maximum of 107.90 a week.
EURJPY has reached a high at 107.18 so most likely a short correction in prices may be up to 106.91 as support the pair to continue rising trend.
On eur / jpy can safely open purchase, after consolidation around 107.00 figure steam still left the fletovogo range and broke through its upper limit (short-term resistance level of 107.17), this breakthrough and became a strong buy signal, because it opened the way to the level of 107.90.
Simple analysis for EUR / JPY, Dec. 12, 2012.
WMA 50 and 100, in the time frame H1 still bullish position. While the AO indicator was in the area sell (<0). This shows that the pair EUR / JPY will be corrected until the price 107.06 (pivot). Meanwhile, the first resistance at 107.66, the 106.72 support first. Good luck .....