Eur/Jpy

Eur/jpy
this pair is frequently used trader.this forex pair show a large volotilation. Now this pair is at value 1.2180
bay at dip around at level 1.2020but using stop loss 1.2080and target profit at 1.2302

Pair : EURJPY
Updated : Mon, Mar 04 09:40
Price : 121.51
Movement : -32.3 Pips
Movement : -0.27%

Support : 119.65
Pivot : 121.44
Resistance : 123.24

EUR / JPY Finding Tougher Under 122.00

EUR / JPY last at 121.94, the highest new session, and moving almost on the weekly close last Friday, after a weak beginning this week at the Asia-Pacific session, the lowest scoring session at 121.42, on the back of a weak Euro. EUR / JPY is still higher to +7.3% this year, and up +23.75% in the last 6 months.
"The graph shows the price per one hour loss of power, although the indicators retained in positive territory and while price develops above 100 SMA bearish. Leg bullish last corrected around 50% from last drop, and the 38.2% retracement around 121.20, the nearest support. If the level is up, further decline is expected towards 120.40 price zone. On the other hand, progress is needed to see the price get back area 122.70 / 80, to reject penutunan further in this couple, "

Support: 121.79, 121.62, 121.51
Resistance: 122.34, 122.17, 122.06

EUR-JPY moved in a bullish movement after many rejections from the support level at 119.40 in last two days. Then, the bullish movement make EUR-JPY touch the resistance level at 121.70. If EURJPY can break 121.70 resistance level today, I expect EUR-JPY will continue going up to the next resistance level at 122.50 or higher. Overall pair is in Bullish

in the m30 time frame the price is moving in down side channel the resistance is 122.15 and support is today pivot point at 121.40. we can short this pair if the macd is giving short signal with price is close below the 121.40 with the target next support at 120.70

still bullish despite the weak. and to take on new buy in pairs (EURJPY), make sure that buyers could break through the strong up exceeds the daily target of his long 1 in 122.28

Eur/jpy analysis for 03.04.2013 by using : pivot indicator.

r3: 124.42
r2: 123.31
r1: 122.58

pivot : 121.46

s1: 120.73
s2: 119.62
s3: 118.89

If we glance on daily time-frame, we will see that the previous candle is an outdoor optimistic candle. As we know, an outdoor bull candle indicates that the client is in momentum currently. So, i feel EURJPY encompasses a chance to travel up these days. i feel EURJPY can reach the resistance level at 122.54 or maybe higher to 123.33

http://charts.mql5.com/1/110/eurjpy-...nies-group.png



hi

how are you

we can see in the 1d chart

the pair can close up the up trend line

i see the pair will go to up way to 122.63

stochastic refers that the pair will go up

so our target buy from 121.63 and our target will 100pips

Good luck

After a couple of Black Monday all week trying to regain lost ground, and we see the evil poor but the price still rises to the top, rising stochastics and histogram has been positive so that more loitering to grow a pair ...