Eur/Jpy

for my analysis EURJPY pair I try to give a picture of the supply and demand strategy analisys ...

look at the picture when prices were still in the middle area of ​​supply and demand, I might wait until the prices rally to supply the new position I will sell, and if you break down I'll wait until the price test new supply area ... :)

Attachment 7107
:good::good::good:

eur / jpy day up
what about tomorrow
see the market decided

see the price movement candlestick on the daily timeframe seems to have formed a triangle pattern. so we waited until the trendline support at the break. if you see the shape of the power seems to bearish candlestick is still so strong. There is also a possibility become wave C in elliot wave pattern.

http://i49.tinypic.com/2r3w51k.gif

http://charts.mql5.com/1/203/eurjpy-...orex-group.png


we can see in the 1d chart

the pair trading down the 23.6

I see the pair will go to down way to 121.14

stochastic refers that the pair will go down

so our target sell from 123.40 and our target will 216pips

Good luck

If we look on H4 time frame, the current candle is showing a great bullish movement and breaking the resistance level at 123.33. Now, with this condition, I expect EURJPY will continue going up and the next target is at around 124.24 as the next resistance level or higher.

Spoiler:

http://puu.sh/2nvBP

Eur/jpy technical analysis by using moving averages.

date : 03.25.2013

time : 0730 GMT

time frame : 15 min

sma200 : 122.96 signal- buy.
sma100 : 122.87 signal- buy.

Eur/jpy analysis for 03.25.2013 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

in the h4 time frame the is moving in the channel pattern. the upper side resistance of the channel at the 124.15 and lower side support at the 121.60. now it is side of the resistance so we can short this pair to the target again support at 121.70

As you see in my following attached chart, ascending channel has been broken downy, so falling down till 122.19 then 121.47 will be expected

http://charts.mql5.com/1/207/eurjpy-...orex-group.png


hi

how are you

we can see in the 1d chart

the pair trading down the 23.6

I see the pair will go to down way to 119.80

stochastic refers that the pair will go down

so our target sell from 121.77 and our target will 190pips

Good luck