Eur/Jpy

The pair is in strong uptrend line targeting 117.80.But a clear break of this blue uptrend line will trigger a strong bearish targeting 115.80 and 115.00

Major trend : upward
Minor trend : downward

Support: 106.60
Pivot: 108.37
Resistance: 110.15

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

EURJPY on bulls but weak. On my see the bulls can probably touch to that supply again at 107.66. So, search for Buy with TP not more 107.66

Daily Pivots: (S1) 107.72; (P) 108.38; (R1) 109.50;

EUR/JPY's rally extends to as high as 109.54 so far today. Intraday bias remains on the upside and current rally from 04.11 should now target 100% projection of 94.11 to 104.58 from 100.32 at 110.79 next, which is close to 111.43 key resistance. In any case, break of 105.97 support is needed to indicate short term topping. Otherwise, we'll stay bullish even 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 sustained 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.

Spoiler:

http://sadpanda.us/images/1289435-Z8MAWF9.png

Analysis based on the TF today H1
Price Action is above the MA 200, the best option is to buy
CCI is above 200 level 0, the best option is to buy
Target: 110.14
SL: 108.38

EURJPY is trying to get 111.43-110.84 area. Although the 111.43 level is likely to be a major resistance, the risk is that this resistance will be penetrated without any problems to rise higher towards 113.53.

The pair is still targeting to reach its 50% of monthly fibo at 110.19. And after that it is possible that EUR JPY will corrected or even more has a reversal.

Support: 108.29
Pivot: 109.18
Resistance: 110.07

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

EUR/JPY is trading above 109.80 and just like yesterday, it’s looking very strong headed into the European open in a few hours. I’m still happy to try and fade any sharp spikes higher but I will keep positions small and manageable until I sense a change in the wind direction. 110.50 or even 111.00 look possible even tonight but I’m going to pick a fight with a bull I think.

Daily Pivots: (S1) 108.82; (P) 109.18; (R1) 109.72

EUR/JPY's rally continues today and reaches as high as 109.49 so far. Intraday bias remains on the upside and current rally from 94.11 should now target t 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, below 108.65 minor support will turn bias neutral and bring consolidations. But retreat should be contained above 105.97 support and bring another rally.

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 sustained 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.