Eur/Jpy

The pair is now fall below MA 7 on the daily chart. It is likely to continue down towards 117.10 if it could stay below the MA line. However I see bearish is stronger than bullish for today.

short positions at 118.10 with 117.60 and 117.10 as next targets

the breakout of 118.45 will call fro arebound towards 118.90

Trading price pair today and yesterday downs clear up to the level expected around 116.30
Price currently at 50% Fibonacci at 116.85 to a subsidy to the price drop and we expect price drop towards Fibo level 23 at the level of 115.10
General tendency of bearish price

http://i46.tinypic.com/o0oxlj.gif

The pair continued to move downside. Stochastic and RSI shows negative movement and the Linear Regression indicators also turns negative. If the pair breaks below 118.60 levels than there is more extension of negativity. According to my chart analysis, I prefer to selling the pair below 117.60 with targets 116.85, 116.05 then 115.60 and stoploss with four hour candle closing above 118.60.

sell eur/jpy at the level 117.44 with targets at 115.69 and 113.73, but in case of breaking the level 117.92 then buy at this level with targets at 119.41 and 120.51

Let's take a look at that pair's H1 chart. MACD is a far remove. The Ichimoku Kumo Cloud is flat, the price will be attracted. Therefore, I think the price will go today.

Price pair achieved yesterday Btdaullach down and clear up to the level expected around 117.80, exceeding this level to achieve a level of 117.50, to settle price generally within the ascending channel that has been hacked at 118.30.
General tendency for the price: DOWN

http://www2.0zz0.com/2013/01/16/13/231478244.gif



we can see in the m30 chart

the pair will go to down way to the down trend line

i see the pair will go to down way to 67.04

stochastic refers that the pair will go down

so our target sell from 117.04 and our target will 100pips

Good luck

Bears seem to have exhausted lead pair in the south, this shows a reversal formation, formed a double bottom, that is interesting pair made the consolidation of about 200 moving which is a strong support of it, and is now forming the northern wave, another purchase going to open at the break of 117.50.

At the Forex currency marketplace on Wednesday Japanese Yen rate declines : after reaching a new maximum at 83.58 yesterday. It seems that Japanese authorities became acutely troubled & threatened 2 carry out interference with the benefit of the European colleagues.