Eur/Jpy

From 05:46 11-Apr-2013 GMT
Till 09:46 11-Apr-2013 GMT
Sell
Sell at 130.2
Take profit* at 129.82
Stop loss at 130.52

Buy limit EUR/USD @130.45, SL @130.10, TP @130.80

Sell limit EUR/USD @131.40, SL @131.10, TP @131.70

As you see in my following attached chart, the pair traded in tight range to be limited between 129.75 and 130.55, and keep the positive stability above 129.50 level, thus, we expect more positive actions today reaching 131.20 followed by 132.80
Despite the attempts of stochastic to leave the overbought area, we notice the stability of 129.50 level as an initial support level, which supports our positive overview for the near and medium term trading.
The correction bias requires four hours close below 129.50 to reach 126.00 as a main target for the correctional possibility, otherwise, we keep our positive overview valid.

The pair EUR/JPY continues its bullish rally.After having stumbled yesterday on 130 points, the price made ​​a quick pullback of correction on 129 points. I advise traders to trade only long positions as far as 128 is support. A stay above 129 points will strengthen this bullish feeling . Upward breaks of 130 points and then 131 points would both offer new buy signals for an extension of the bullish rally towards 132.

http://charts.mql5.com/1/309/eurjpy-...orex-group.png


hi

how are you

we can see in the 1h chart

the pair can not close up the broken down trend line

I see the pair will go to down way to 129.55

stochastic refers that the pair will go down

so our target sell from 130.55 and our target will 130pips

Good luck

http://charts.mql5.com/1/311/eurjpy-...ex-group-2.png




hi

how are you

we can see in the m15 chart

the pair will go up to fibo 38.2

I see the pair will go to up way to 130.31

rsi refers that the pair will go up

so our target buy from 130.75 and our target will 24pips

Good luck

I like to sell this pair @ 130.60 to 130.75 range
my stop loss for today is @ 131.13
my half take profit for today for this pair @ 130.10
my half take profit for today for this pair @ 129..73

Again, I catch on buying eur / jpy pair broke again next resistance 130.80, the pressure of the bulls could not resist and 131.00 figure, the trend has shown its relevance and against it is better not to go, the couple is at its yearly high and do not even think to turn around, so what are waiting for 132.00 mark.

Technical analysis using simple method daily open
buy stop 130.83 tp 131.03 sl 130.23
sell stop 130.43 tp 130.23 sl 131.03

elliott crucial reversal point current upmove should end around 130.88 - 130.82 area acorrection down to 129.69 or even 128.98 is expected arise above 131.25 will abort the expected correction
support and resistances
res2 131.25
res1 130.82
pivot 130.12
sup1 129.69
sup2 128.98