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EUR / JPY Finding Support Strong at 119, Penetrating Above 120
EUR / JPY was trading at 120.25, away from the daily low around 119.00, where the pair found a special buy three times so far for this week, since the big sell-off on Monday after the Italian election results. This couple is -0.59% lower than the opening session of the Asia-Pacific region today, with the Nikkei index closed down -2.26%, while for the week, EUR / JPY fell -2.38% of the weekly close last Friday, ahead of Japan's retail sales at 23:50 GMT.
one hour chart shows some upward momentum coming from indicators, but the SMA 100 accelerates to the bottom and moving away from 200 SMA above current price suggests otherwise. In the 4-hour chart technical readings corrected extreme oversold readings but still in negative territory, which continue to support the continuation of the down side, "the analyst concluded.
Support: 120.20, 119.99, 119.85
Resistance: 120.90, 120.69, 120.55
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eur/jpy technical analysis by using : adx
adx : 21.9217
+di : 20.8979
-di : 20.8263
timeframe : 1 hour
date : 27.02.13
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eur/jpy market analysis by adx on 27.02.13
adx : 25.8727
+di : 9.9086
-di : 21.3370
timeframe : daily
time : 0000
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eur/jpy technical analysis by using : adx
adx : 18.8581
+di : 19.6567
-di : 13.5571
timeframe : 1 hour
time : 1000
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eur/jpy market analysis on 30 min timeframe by adx
adx : 23.2728
+di : 13.5517
-di : 8.9922
time : 1030hrs
date : 27.02.13
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eur/jpy technical analysis by using : adx
adx : 17.0572
+di : 17.0358
-di : 15.3051
time : 1100
timeframe : h1
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The pair continued to go to the range.
M30 formed on the level of support from current levels is likely a technical rebound.
Key support level: 118.75.
Murrex AO-negative napravlen.Prizyvaet caution.
Targets forming cycle up: 121.1 and 121.8.:good:
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Eur/jpy analysis for 02.27.2013 by using : pivot indicator.
r3: 123.66
r2: 122.51
r1: 121.31
pivot : 120.16
s1: 118.96
s2: 117.81
s3: 116.61
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Eur/jpy analysis for 02.27.2013 by using : pivot costum time.
r3: 123.66
r2: 122.51
r1: 121.31
pivot : 120.16
s1: 118.96
s2: 117.81
s3: 116.61
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http://charts.mql5.com/1/100/eurjpy-...nies-group.png
hi
how are you
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 121.11
stochastic refer that the pair will go up
so our target buy from 120.11 and our target will 100pips
Good luck
:good::peace:
