Eurjpy had a bad day on friday market dropped and placed a low arround 123.40 and close below 124 mark if market hold 123.40 than pull back will be arround 128 this time.
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Eurjpy had a bad day on friday market dropped and placed a low arround 123.40 and close below 124 mark if market hold 123.40 than pull back will be arround 128 this time.
I think EURJPY is moving in a bearish trend now and it still strong enough. Now, I think EURJPY is trying to reach the support level at 123.33. Then, if EURJPY can break this support level, I expect EURJPY will continue falling to the next support level at 122.54 or lower. But if EURJPY can rise and break the resistance level at 124.24, this pair may makes a correction to the higher resistance level at 125.09.Spoiler:
Weekly analysis for a couple of euro-yen pair bounced from strong resistance at 127.56 pair now digitally in a bear cycle I expect fall to 132.21 in the case of breaking expect heading to 121.69 and continue to climb I would not advise selling only small targets and nearby Stop
M30
seen prices go down. MA crosses down 10 and 20 show the trend down. RSI also shows good still for sale .. would rise to the correction and continue the decline??
Eur/jpy analysis for 02.11.2013 by using : pivot indicator.
r3: 127.29
r2: 126.43
r1: 125.16
pivot: 124.30
s1: 123.03
s2: 122.17
s3: 120.90
Hello fellow friends. M 30 on the chart on our euro - ene price went up to the trend line regression channel and removals with a period of 100. It can be assumed that these two things can come out as a small resistance. I believe that the pair went into a correction and so I think that the price reached the level of expansion of 1.38 to 124.88 (+ -10 pp) from where we can continue to drop all the luck
After had tested its support level at 123.74 , seem the price has been reversed . If the current candle stick can be closed as the bullish engulfing pattern , we can expect that it will reach the level 1.2729 soon .
http://vangsaigon.com/iUpload/images/ej112.bmp
the price is hold at the support at 123.35 and not able to break this support and now it is moving to resistance side in h1 time frame. at the time macd indicator is also giving us long signal. but we will wait to break the resistance at 125.25 if this is break then price will move to the support at 126.50
buy eur/jpy at the level 124.90 with targets at 125.80 and 126.30, but in case of breaking the level 124.60, then sell below this level with targets at 123.10 and 122.50