Eur/Jpy

Todays analysis for the pair eur jpy.

The trend is showing a bullish movement for this pair.

Buy signal for the hourly time frame.

Support levels:-

S1 126.15
S2 126.29
S3 126.36

Resistance levels:-

R1 126.50
R2 126.57
R3 126.70

Intraday trade:

If a M15 close above 110.72 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 110.37 sell only and do not buy. If price closes back above it again do nothing

The range 110.72 and 110.37 is neutral area, any trade done in between is personal decision and not part of this analysis

Any pullbacks below 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011. Look for a fresh medium-term higher low by 108.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a break back below 108.00 concerns.

The trading rang for today is among the major support @ 115 and the key of resistance @ 116.30.
The general over short term basis is to the upside targeting 116.70 as far as area of 117.85 .

Pivotal Points: 126.42

Resistance and Supporting level is :

1>Resistance is : 126.65
2>Resistance is : 126.92
3>Resistance is: 127.15


1>Supporting is :126.15
2>Supporting is: 125.92
3>Supporting is: 125.65

technical analysis of eur/jpy by observing the market


market is look up

high >>>126.53

low>>126.31

close 126.51

Technical analysis of eur/jpy

Today bearish trend

Pivot Point. 126.42

current Price. 126.48

Resistance level
R1. 126.59
R2. 126.70
R3. 126.81

Supporting level
S1. 126.37
S2. 126.26
S3. 126.15

MARKET TREND IS buy

Moving Averages:buy
Technical Indicators:neutral

Pivot Points:126.50


Supporting level 1:126.35

Supporting level 2:126.17

Supporting level 3:126.01

Resistance level 1:126.68

Resistance level 2:126.83

Resistance level 3:127.02

Pivotal Points: 126.38


Resistance 3: 127.06

Resistance 2: 126.86

Resistance 1: 126.58


Support 1: 126.10

Support 2: 125.90

Support 3: 125.62

today's market technical over view for eur/jpy

according to market technical analysis the market have buy trend
the market trend could remain in this position
expected resistance and support levels
market price ----------126.48

1- Resistance level----------126.71
2- Resistance level----------126.98
3- Resistance level----------127.21
1- Support level-------------126.21
2- Support level-------------125.98
3- Support level-------------125.71