Eur/Jpy

Shrinking the scope of across_trading initiated by the EUR/JPY during trading last night
the pair recorded it,s highest level at 118.58 before slipping and record lows of 117.67 and still pursuing

According to the weekly schedule is not very couple looking at the level of 117.80 ... last week was very strong to the same as the euro has gone to the top ... basically on the hourly chart shows that the pair still formed a support at 117.80 so ... that if the price down again there will need to go into the purchase ...

yes schedule flies to the top of virtually no brakes .. the end of the day once again drawn up and the price was ... I think buyers need to take a break and opening next week is expected to slightly below the close, and I think that the price can roll back to 118.00 .. if it will fix below this may indicate onset corridor ... or the beginning of a turn ...

now a days this pair is moving very fast and it is looking that this pair will move some little more then will come back for short retrace ment and then will move up so up movements has been start and may move up to 1.3400

The EURJPY on still bulls. On this closed price this week, We see that price bulls was able can break that so strong resistance at 118.98. So, this clear that search for buy again here is better (but make sure that our SL for buy must be set on bellow that ex. resistance 118.61) of course.

Today(14-1-13 ) pivot point are-

Resistance 3- 121.35
Resistance 2- 120.33
Resistance 1- 119.66

Pivot point- 118.64

Support 1- 117.97
Support 2- 116.95
Support 3- 116.28

Eur / jpy जोड़ी शुक्रवार को सत्र के दौरान गिर गया है, लेकिन काफी असर गुरुवार से बड़े पैमाने पर हरे रंग की मोमबत्ती के शीर्ष पर एक हथौड़ा फार्म. यह बस एक बाजार की तरह है कि करने के लिए बंद लेने के लिए तैयार हैं और हमें लगता है कि हम अपेक्षाकृत कम क्रम में 120 को देखने के लिए जा रहे हैं एक परिणाम के रूप में दिखता है.

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

buy eur/jpy at the level 118.93 with targets at 120.80 and 121.91, but in case of breaking the level 118.32 then sell at this level with targets at 117.29 and 116.36

http://i47.tinypic.com/2zgxnoi.gif

After breaking the 116.15 level last week the pair is continued to move upside sharply which indicates that has more potential to move upside. For Intraday basis, we remain positive as long as the pair is stable above the 118.40 level. According to my chart analysis, I prefer to buying the pair above 119.85 with targets 120.80, 121.50 then 122.15 and stoploss with four hour candle closing below 118.00.