Eur/Jpy

Spoiler:

http://sadpanda.us/images/1297322-6WJN841.png

On the hourly chart, price is above the 12 EMA (white) and 72 EMA (blue) indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profit: 112.31

Since a few trading sessions there has not been seen structural changes in the pair. Immediate resistance is at 111.00; the bulls are targeting it to be taken out. Support is at 106.00, followed by 105.10/20 levels. It is recommended to continue holding long positions for a push through the 111.00 region for now. Any intraday retracements or pullbacks towards 110.00 level could be utilized as opportunities to go further long. Looking higher for now

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 do

time frame - H4

if we look up in the stoch indicator then we find that it come out from the over bought level but again it is going to move same level but in the price chart there is a good resistance at 111.15 that may be not break able we can short this pair with 109.85 take profit.

EURJPY has filled the difference between 109.92 and 111.03. With our lowest 109.93 can lead to serious attempts to strong resistance at 111.30 to 111.43, but currently dominated area, we will see further increases in lead to at least 113.68.

An interesting situation is formed by the pair eur / jpy, only that she had approached the 111.27 resistance zone, probit month high, if it will be able to strengthen pair above this mark then the goals can become a figure of at least 112.00.

Just added another purchase, the couple continues to work perfectly trending north movement schedule rovnenko practically recoilless .. couple just broke the next resistance level of 111.20 and was able to confidently strengthened above this mark, this tries to open the way to 112.00 mark.

The pair is now moving above 50% of monthly fibo, it is possible to go higher targeting to the next resistance at 113.30. A correction to 111.17 may occur before it will start to rise.

Time frame- H4
here we can see that price is not able to break it lower side 109.96 and uper side 111.50 is good resistance we can trade in the trend breaking side.

Resistance 3- 112.87
Resistance 2- 112.16
Resistance 1- 111.77

Pivot point- 111.06

Support 1- 110.67
Support 2- 109.96
Support 3- 109.57

Support: 109.93
Pivot: 111.06
Resistance: 112.19

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