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Small southern correction that started at 200 sliding rebound came to a close, the pair once again found support around 124.60, below which the rate does not go on the hourly chart formed a bullish engulfing, now the main task will be to strengthen the bulls pair above 125.00 figure that allowed the pair to go to 125.50.
Corrective southern movement really ended and after touching the green alligator sliding pair resumed northern mid-wave, now rate went up to the upper area of the fractal (Resistance 125.40), the breakdown of which may be a strong buy signal as will smooth the way for month high 127.44.
There is more corection has to be done in this pair and it will find the resistance at the level of 124.80
http://www6.0zz0.com/2013/02/11/21/597789272.gif
we can see in the m30 chart
the pair can not close down the broken up trend line
I see the pair will go to up way to 126.93
stochastic refer that the pair will go up
so our target buy from 125.93 and our target will 100pips
Good luck
Europe span fitting bounced from its supporting 114..
i anticipate now its dimension for this arrange to go up..it can be bought from here exchequer 117..
this unify is not showing too much loco mote..but for now its signals are suggesting for this often exclusive
Eur/jpy analysis for 02.12.2013 by using : pivot indicator.
r3: 130.66
r2: 128.63
r1: 127.54
pivot : 125.51
s1: 124.42
s2: 122.39
s3: 121.30
Spoiler:
The position of the current price is above the 50 EMA on the hourly chart, momentum is bullish
The position of the current MACD cross the line above the area 0, the momentum is bullish
Trend today: bullish
Target today:127.47
the price is hold at the support 123.30 and after hitting this level it si continue moving up side. this will try to move to the resistance side at 127.50. at the time stoch and cci are also overbought. we can set a pending order at the resistance 127.50 with stop loss 128.0 with target 124.00
Pair slightly under pressure. Channel changed to ascending. Price is above the regression line.
Pair fixed above the EMA moving with periods of 50, 100 and 200, which are now the next support level 125.24, 125.26 and 124.78.
MACD is in the positive zone and above its signal line, but began to decline very slowly, and thus points to the ****ual decay of the bullish sentiment.
Stochastic is very close to oversold and already delivers this signal.
RSI does not give clear signals.
The price still spot above daily pivot 125.49 so it is potential to re-test fibo 0.0 @126.61 and Resistance 127.54. But if the price is change directions and breakdown pivot then price is potential to touch support 124.40.