sell eur/jpy at the level 125.44 with targets at 124.33 and 123.80, but in case of breaking the level 125.80, then buy above this level with targets at 126.85 and 127.30
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sell eur/jpy at the level 125.44 with targets at 124.33 and 123.80, but in case of breaking the level 125.80, then buy above this level with targets at 126.85 and 127.30
we can see short signal with macd indicator in the h1 time frame but in the chart the price 124.70 is a support. we wait to break this support for short entry. if this support is break then price will try to move the next support at 123.80. set stop loss at 126.50
date- 15-2-2013
technical pivot point are-
resistance 3 - 121.54
resistance 2- 126.74
resistance 1- 125.41
pivot point- 124,61
support 1- 123.28
support 2- 122.48
support 3- 121.15
EUR/JPY maybe still down in 15-02-2013, but see support in the down like this pic, because maybe price will rebounce to UP, so, take care to sell, see now this picture, down side is support, im buy limit @123.47
Spoiler:
I think EURJPY is in down trend now and this pair is trying to reach the support level at 123.33. Then, if EURJPY can also break that support level, I think it will open a way for EURJPY to continue falling and the next target is at around 122.54.
EUR/JPY is now declining.
Pivot: 124.45
Our preference: Short positions below 124.45 with targets @ 122.9 & 122.15 in extension.
Alternative scenario: Above 124.45 look for further upside with 125.5 & 126.45 as targets.
Comment: the RSI is bearish and calls for further decline.
http://dl.dropbox.com/u/51561036/scr...215-121705.png
I think in next week it will go to 122.00 more or less.Could you support my expectation.Heiken Ashi and Ichchimukhu say me this things.Just tell your opinion.
The position of the current price is below the 50 EMA on the hourly chart, momentum is bearish
The position of the current MACD cross the line above the area 0, the momentum is bearish
Trend today: bearish
Target today:121.78
We have a pullback from support 123.30 in H1 graph. So, i think the price want to make more correction until pivot 124.60. For further upwards movement it may hit resistance 125.43.
the price is rejected form the resistance at 126.47 and not it is moving down trend .this pair will try to break the last support at 123.25 but at the time this is also become oversold. if the price is close below the 123.15 we can short with the target 122.00