Eur/Jpy

Eur/jpy technical analysis by using moving averages.

date : 03.28.2013

time : 0715 GMT

time frame : 15 min

sma200 : 121.05 signal- sell.
sma100 : 120.64 signal- neutral.

in the M30 time frame the price is moving in the channel pattern. the resistance of the channel is 120.70 and the support is 120.00 now the cci indicator is turn the signal and price is making a hanging candlestick pattern. we can short this pair to the target at 119.80 and the stop loss is 120.90

As you see in my following attached chart, the pair provides negative trading to hit the initial target around 120.00 to move away from its main resistance which supports the continuation of the bearish trend domination on the near and medium trading as it is expected to achieve break below 119.90 reaching to 119.10 followed by 118.20 in the near trading.
Stochastic supports the expected negativity by settling below 50 to reach the moving average around 118.10

Eur/jpy analysis for 03.28.2013 by using pivot indicator.

r3: 123.64
r2: 122.75
r1: 121.73

pivot: 120.84

s1: 119.82
s2: 118.93
s3: 117.91

euro/jpy make a nice move this week, the level support will be at 119.44 and 118.12 if price can break yesterday low,
this morning movement will come from the yen, as long as there is no big move in yen so this pair will keep testing support.

http://charts.mql5.com/1/228/eurjpy-...orex-group.png


hi

how are you

we can see in the 1w chart

the pair trading down the 38.2

I see the pair will go to down way to 114.58

stochastic refers that the pair will go down

so our target sell from 120.79 and our target will 617pips

Good luck

Decided to open the sale at eur / jpy as the course went up again to the horizontal resistance of 120.80 (from which the morning was lights out), by candlelight noticeable that the course is not strengthened above this mark and the trend continues to the south, I expect a reduction of the current week low 120.00 + - figure, stop just above 120.90.

Breakthrough Zone 3 upper fractals (120.76 level) like it was false, the couple did not support the bulls as continued growth, noticeable lateral consolidation (increasing euro) pair to the north does not want to go, the bears still have a significant advantage, stochastics sell signal formed , to sell short-term forward break 120.60 support which should bring the pair to 120.00, 119.70.

Pair has now taken support at 120.035 which is double bottom support for this pair. 123.720 is very strong resistance for this pair. One can buy it with 150 points stop loss.

elliott flat correction down 119.96
support and resistances
res2 122.72
res1 121.66
pivot 120.81
sup1 119/78
sup2 118