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EUR/JPY analysis for March 05,2013 based on daily median
Upwards scenario:
If price move above 121.74 expected target are:
R1 : 121.96
R2 : 122.17
R3 : 122.38
Downwards scenario:
If price move below 121.74 expected target are:
S1 : 121.54
S2 : 121.33
S3 : 121.12
New Signal
From 01:37 05-Mar-2013 GMT
Till 05:37 05-Mar-2013 GMT
Sell
Sell at 121.87
Take profit* at 121.42
Stop loss at 122.22
Pair : EURJPY
Updated : Tue, Mar 05 12:02
Price : 121.39
Movement : -37 Pips
Movement : -0.30%
Support : 120.76
Pivot : 121.62
Resistance : 122.48
:);)
EUR / JPY 122.00 Restricted Under
With a Eurogroup meeting in Brussels is still happening and bailout for Cyprus may occur before the end of the month, Reuters reported, EUR / JPY last at 121.78, the highest around the daily and weekly, restoring the previous weekly closing price, the daily lows at 121.14 . The couple are now quiet as EUR / USD and USD / JPY are both near the top sessions, flat for the week, with virtually no visible positive side.
Technical readings on the hourly chart flat, with prices between 100 and 200 SMA, a distance continue to shrink, reflecting the lack of direction from the couple, "the analyst said, adding:" In the 4-hour chart is the same picture, without much of a clue on the direction for the hours to come: prices should be clear through the level of Fibonacci 122.00 / 121.20, to establish a clearer intraday trend, "he concluded.
* support at: 121.20, 120.90 and 120.40,
resistances at: 122.00, 122.30, and 122.80.
Eur/jpy analysis by using : moving averages.
date : 03.05.2013
time frame : 15 min
ema5 : 121.42 signal-sell.
ema10:121.39 signal-neutral.
ema20:121.41 signal-neutral.
time : 08:30 GMT
Eur/jpy analysis for 03.05.2013 by using pivot indicator.
r3: 123.03
r2: 122.52
r1: 122.15
pivot: 121.64
s1: 121.27
s2: 120.76
s3: 120.39
in the day chart the price is over sold and it is try to move cross out. but in the chart we can see it is start down trend. we can short this pair because macd is giving us short signal. this will try to move the support at 111.50
Frankly eur / jpy looks like it more to the south, on the daily chart is clearly visible horizontal line resistance above 122.00 figure-she is not allowed a pair, now is the formation of a new southern trend and expect to complete this corrective wave, 4 hour chart RSI filed signal to sell, my first goal mark 120.00.
http://i47.tinypic.com/rkanu1.gif
see the picture above seems to have formed triangle pattern if we put the two lines above and below the trendline, just unfortunately not yet penetrated resistant above. but when it is likely to break because it supported power bullish candlestick before.
thank you very much for the graph, it is always difficult to analyze the eur / jpy, Sorry I can not contribute much, in fact I know almost nothing about this pair is the least I operate but I am very interested to learn, thanks again :)