Eur/Jpy

eur/jpy technical analysis by using : adx

adx : 29.8776
+di : 8.9092
-di : 21.6945
timeframe : 1 hour
date : 14.01.2013

A few hours ago, a couple tried to break through the horizontal support level 119.20 (today's opening price) but the breakthrough over a false breakdown and after the course is not continued decline in the South that indicates weakness bears, now the pair back above 119.20 stronger-it was a signal to buy.

As might be expected eur / jpy went south correction correction but have come to an end, the trend is still in force, its renewal I expect from the support area 119.00 + - that it is about moving blue alligator stahastik shows a buy signal, stop, possible coup for sale only at the break of 118.80.

Spoiler:

http://sadpanda.us/images/1348507-3VML16M.png

On the hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profit: 121.37
SL: 117.95

15/1/2013
frame4 hours
The pair is currently trading at a price level is the highest level since more than 18 almost a month and he is now looking forward to the work of a new peak after the break and penetrate the previous summits, which were at a level of price 113.57

The bullish trend is still strong, on further movement, the pair may targeting to hit its 100% monthly fibo at 123.35. However eurjpy may corrected today, and the pair may go down towards 118.90

eur/jpy technical analysis by using :adx

adx : 25.5768
+di : 15.5437
-di : 25.5388
timeframe : 1 hour
date : 15.01.2013

short positions at 119.80 with 119.40 and 119.00 as next targets

the breakoiut of 120.10 will call fro arebound towards 120.80

For the euro yen now, it stand at the strong support at 118.50

I expect possible climb from here

But in the case of breakage as possible come down to 117.70 and the rise and God knows

For this pair, I think If then price bulls can break that strong resistance at 120.15, make a plan for search new Buy OP better idea here now.