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technical analysis of Eur/jpy is buy
Current Price is ;122.86
Resistance and supporting price is ,,,,
Resistance Price is :
1. Resistance Level:123.31
2. Resistance Level:123.60
3. Resistance Level: 123.85
Supporting price is :
1. Supporting Level: 122.75
2. Supporting Level: 122.64
3. Supporting Level: 122.53
The price is still trading in its uptrend channel targeting 117.50.But if price able to break the bottom line of the channel, we may see down fall at 115.75 area.
Major trend FOR THIS PAIR IS UP
Minor trend FOR THIS PAIR IS Down
EURJPY Today Analysis
Market Trend Bullish
Pivot Point 122.65
S 1 >>>>> 122.20
S 2 >>>>> 121.65
S 3 >>>>> 121.20
R 1 >>>>> 123.20
R 2 >>>>> 123.65
R 3 >>>>> 124.25
EurJpy technical analysis by using : Auto pivot indicator.
Parabolic SAR indicator there a dot below the candles that indicates a upward direction in addition to that we can see a BUY signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the higher level to perform a upward signal on the chart of the this pair there is a main up trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 and if other indicators confirm a bullish direction then I will go for “BUY” positions.
resistance level 1 : 124.20
resistance level 2 : 123.83
resistance level 3 : 123.49
pivot point : 123.12
support level 1 : 122.78
support level 2 : 122.41
support level 3 : 122.07
My analysist for eurjpy today,04 october 2013 using open price market at 00.00 broker time strategy.
This analysist is using the open market price and using dolly graphic indicator.
With this indicator, we place trapping buy stop and sell stop
pending order today
buy stop 132.67 tp 132.87 sl 132.07
sell stop 132.27 tp 132.07 sl 132.87
may pip always with us
According to my analysis in EURJPY formed new negative moves yesterday to face the additional support 122.00, which formed target in previous report, while the strength of this support line forced the price to form positive rebound to increase the chances of gathering new negative momentum to repeat the attempts to break the support in order to reach the next negative at 121.20.
Notice the price consolidation within the main bearish channel, while moving below 123.50 barrier will confirm surrendering to the bearish bias domination to keep waiting to achieve the required break on the near term period. The expected trading range for today is between 123.15 and 122.00 The expected trend for today: Fluctuated within the bearish range
EURJPY Analysis
S3: 122.5
S2: 122.68
S1: 122.77
PP: 122.87
R1: 122.95
R2: 123.05
R3: 123.24
Technical analysis of eur/jpy
Today strong bearish trend.
Pivot Point. 124.89
Current Price. 125.00
1. Resistance level is. 125.11
2. Resistance level is. 125.22
3. Resistance level is. 125.33
1. Supporting level is. 124.88
2. Supporting level is. 124.77
3. Supporting level is. 124.66
EURJPY Analysis
Expected trend for today: Bullish
Support 122.28
Support 121.65
Support 121.20
Resistance 123.28
Resistance 123.62
Resistance 124.23
Risk Disclaimer: Trading in financial markets and foreign exchange market (Forex) includes the risks and the possibility of loss.
Intraday bias in EUR / JPY currently remains at the bottom. The current fall from 127.50 is in progress and must extend to retest at least 118.62. On the other hand, a breakthrough of resistance 123.61 is necessary to indicate a short-term bottom. Otherwise, the forecast will remain bearish in the event of a recovery.