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mere khayal say aaj eur/jpy nichay ko movment keray ga wo is liay kiu kay dollar kafi nichay chala gaya hai or mene daikha hai jub dollar nichay jata hai to sari market uper hoti hai jub dollar hota hai market nichay hota hai.ab dollar kay uper janay kay chances hain isi liay mere khayal say nichay jaey ga.
Just decided to add one more sale at eur / jpy as the pair broke through and has steadily strengthened below the moving alligator, besides a couple is in the final stage forming the northern haul waves, southern goals are not yet developed, the couple has a chance not only to approach the 116.80 mark and break it.
All the cross pairs fall strongly after the Japanese Press Conference today. The EUR/JPY has formed a harmonic pattern. This is a reversal pattern. So, I think the EUR/JPY will be up soon.
http://s8.postimage.org/emlt2njdh/image.png
eur/jpy technical analysis by using : adx
adx : 28.1218
+di : 16.6937
-di : 25.7792
timeframe : 1 hour
date : 22.01.2013
http://img21.imageporter.com/i/01786/qje3g259w31r_t.jpg
Today is likely to fall to around 117.58 will be over soon and then proceed with the rally towards 118.60 to 118.90. Stoploss if the market continues to move down the break below 117.38 zone.
Supports / resistances
S1: 11 762 m
S2: 11 600 m
S3: 11 569 s
R3: 11 991 s
R2: 11 932 m
R1: 11 860 m
EURJPY felt on yesterday movement, the pair was touched 21 period MA on daily frame. Today the level will be re-tested. The current price is 118.10, so it it possible to go down towards 117.45 (MA 21), and if the level is broken, the pair may continue fall towards 116.60
118.40 is a critical point for the pair since the pair are still testing the strength of this level as the level of confirmation of bullish when the pair broke through on it but but if it turns out the pair have difficulty penetrate the pair will be bearish again
eur/jpy technical analysis by using : adx
adx : 31.7627
+di : 6.3135
-di : 30.7358
timeframe : h4
time : 0800
Daily analysis for EUR yen , Pair bounced by support 117.00 expect him to rise to 118.20 and rebound as in the case of landing I expect to fall to 116.70