stoch and cci indicator are move out form the oversold area. and price is also not able to break the support level at 122.40 in the h1 time frame. we can long this pair to the target resistance at 124.00 and the stop loss is at 122.00
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stoch and cci indicator are move out form the oversold area. and price is also not able to break the support level at 122.40 in the h1 time frame. we can long this pair to the target resistance at 124.00 and the stop loss is at 122.00
According to the candle pattern on H4 time frame, we can see that the current candle is breaking the support level at 122.50.I think EURJPY fall and reach the support level at 121.70. But if fail to break this support level, EURJPY will go to the resistance level at 123.30.
EUR / JPY is now almost the entire day was falling, now rate went up and ran into a slanted medium level of support, 2 hour candles have a long lower wick indicates that increased activity of the bulls, the bears will probably take profits, all of which should lead to at least correctional movement in the northern area of 123.00 as a minimum figure.
I think EURJPY will be down. Price action became downer. So can we open any sell entry. Any specialist able here for suggest us.
elliott common flat correction up 96.59
currently up trend should end around 96.07 - 96.49 area acorrection down to below 95.19 is expected arise above 96.96 will abort the expected correction
support and resistance
res2 96.96
res1 96.49
pivot 95.66
sup1 95.19
sup2 94.36
http://charts.mql5.com/1/190/eurjpy-...orex-group.png
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 123.58
stochastic refers that the pair will go up
so our target buy from 122.58 and our target will 100pips
Good luck
Eur/jpy analysis for 03.22.2013 by using pivot indicator.
r3: 127.56
r2: 126.02
r1: 125.10
pivot: 123.56
s1: 122.64
s2: 121.10
s3: 120.18
Eur/jpy technical analysis by using moving averages.
date : 03.22.2013
time : 0430 GMT
time frame : 15 min
sma200 : 123.26 signal- sell.
sma100 : 122.97 signal- sell.
Pair : EURJPY
Updated : Fri, Mar 22 12:33
Price : 122.49
Movement : 9.3 Pips
Movement : 0.08%
Support : 120.63
Pivot : 122.94
Resistance : 125.25
In the Thursday, March 21, 2013 currency pair EURJPY opened at 124.24 and closed at 122.63.
Daily highest price was 124.36 and daily bottom level was 121.98.
During the Asian trading the pair EURJPY opened at 124.240 and closed at 124.29. Asian highest rate was 124.36, Asian bottom value was 123.96.
During the European trading the pair EURJPY opened at 123.79 and closed at 123.14. European highest rate was 124.20, European bottom value was 122.84.
During the US trade session the pair EURJPY started the session at 123.02 and ended at 122.73. US highest level was 123.42, US low was 122.45.
S3 119.24 S2 120.61 S1 121.62 Pivot 122.99 R1 124.00 R2 125.37 R3 126.38
EURJPY Forecast
We expect short-term shift at 0.000 and a long-term change at 0.000 or our prediction is range and goal 122.63.Spoiler: