Eur/Jpy

The trading rang for today is among the major support @ 116 ad the key of resistance @ 117.80 .
The general over short term basis is to the upside targeting 117.80 as far as area of 118.50 .

elliott irregular flat correction up 123.32
it should test 123.42 area after which a sell off down to 121.56 or extended to 120.72 area is expected
key point 122.92 - entry point 122.07 - elliott 121.22 - closing 122.41 - prkjection 122.92
trend line 122.22

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EUR / JPY for today
http://i47.tinypic.com/eu3uqq.png

wait n see ...

For today I think this pair will go up upto 126.87 even it will go down 124.58.But at this moment it is a downtrend movement.It will clear after 3 hours actually where it will go.

date- 14-2-2013
technical pivot point are-

resistance 3 - 128.31
resistance 2- 127.44
resistance 1- 126.52

pivot point- 125.65

support 1- 124.73
support 2- 123.86
support 3- 122.94

EURJPY is moving near the resistance level at 126.03 now. Then, I think there's a possibility for EURJPY to reach that resistance level. If EURJPY can break that resistance, this pair may goes up to the next resistance level at 127.06. But if fail to break it, this pair may reverse and fall to the support level at 125.09.

Spoiler:

http://puu.sh/22hDh

The uptrend is still valid for eur/jpy. Also the price is corrected to 61.8%, so price may arise to resistance 126.50. By the way, if the price breakdown pivot 125.60, it is potential down to touch support 124.74.

eur/jpy technical analysis by using : adx

adx : 17.7102
+di : 13.4247
-di : 19.9557
timeframe : 1 hour
date : 14.02.13

Eurjpy analysis for 02.14.2013 y using : pivot indicator.

r3:128.32
r2:127.44
r1:126.53

pivot:125.65

s1:124.74
s2:123.86
s3:122.95