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I first of all still waiting couples start working off the southern script pair noticeably tired to go north to the same course ran into a strong upper zone of fractals which begins to form around double tip is, Stochastic also shows a sell signal and the momentum goes to the bottom, but stop (or flip to buy me over 126.90).
EURJPY At this moment we have a Buy situation with the exponential moving average period 20 at 126.6305. Also the Average Directional Index period 14 is at -14 indicating that we should be looking for a Neutral decision. Using the classic method of calculation, the daily pivot points for this pair are: Main pivot 125.45, S1 124.02, S2 121.78, S3 128.5 and 126.26, R1 127.69, R2 128.5, R3 128.5.
Spoiler:
The position of the current price is above 50 EMA on the hourly chart, momentum is bullish
The position of the MACD cross the line above area 0, the momentum is bullish
Trend today: Bullish
Target today:133.56
Eur/jpy analysis by using : moving average.
date : 02.06.2013
time frame : 15 min
ema5 : 127.39 signal- buy.
ema10: 127.39 signal-sell.
ema20: 127.30 signal- neutral.
time : 03:30 GMT
the macd indicator is try to giving us short signal but in the chart the price 126.10 is a support. if the is break then we can short. at the time stoch and cci also become oversold so stop loss must use. we can target at 124.45 with stop loss 127.50
On the hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI line cross above the 50 area, indicates the trend is still up
Recommendation: BUY
Take profitt: 131.42
Stop Loss :125.06
The pair expect to continue to reduce the South as the course broke gliding alligator (which wrapped in the south) and the pair also managed to break through the bottom of a fractal zone (126.55), was formed on the daily chart stochastics sell signal, the nearest strong support-124.22-and it will be my goal .
EURJPY This pair is at 126. 09/17 (-0.82%) level. If we look at the Average Directional Indicator (ADX) it is telling us that we should be in a Neutral situation. In the one hour time frame the Exponential Moving Average period 5 is at 126.9145, giving the indication that we should Sell. And the Exponential Moving Average period 20 is at 127.1621, giving the indication that we should be in a Sell situation.
The forecast for Wednesday the pair EUR / JPY on the basis of technical analysis, as expected pair rose above 127.0 figure, and reached 127.6, and then turned to the decline, which is also expected. And now at the level of 126.10. The forecast for today is possibly a slight decrease in the pair to 125.50, after which growth resumed but high of 127.60.