Eur/Jpy

Here is my analysis for today, 15 april, just using simple open market price methode
buy stop 128.99 tp 129.19 sl 128.39
sell stop 128.59 tp 128.39 sl 129.19

Eur/jpy analysis for 04.15.2013 by using pivot indicator.

r3: 132.54
r2: 131.67
r1: 130.34

pivot: 129.47

s1: 128.14
s2: 127.27
s3: 125.94

for this pair i place a pending sell order @ 128.70
my stop loss for today @ 129.11
half take profit @ 1.2833
and half @ 1.2807

Pivot levels today:
R3: 132.29
R2: 131.32
R1: 130.24
PP: 129.49
S1: 128.15
S2: 127.44
S3: 126.12
Comment: Price now is below the daily and weekly pivots, also it breaks S1, this means more fall is predicted.
Forecast: If price breaks the level 127.52, this will open the way to 125.05, but if it bounces, it will rise again to 129.45.

If EUR/JPY continues its advance into higher levels, it may encounter resistance at 117.80 (May 31 high), 118.50 (April 26 low) and 119.20 (May 3 low). To the downside, support levels lie at 117.16 (May 20 high), 116.90 (May 11 high), and 116.37 (May 26 high).

I think the week EURJPY currency pair movement or all currencies into jpy opponent will be in the sideway, for EURJPY currency pair today in a state of strong bearish if we look at h4 candle, so I think better do a sell order or putting a sell stop at the low that has been in shape today at 127.53 area.

Eur/jpy pivot levels for today by using : fibonacci pivot indicator.

r3: 131.73
r2: 130.87
r1: 130.35

pivot : 129.49

s1: 128.64
s2: 128.11
s3: 127.26

http://charts.mql5.com/1/335/eurjpy-...orex-group.png


we can see in the 1w chart

the pair trading down the 23.6

I see the pair will go to down way to 122.10

rsi refers that the pair will go down

so our target sell from 128.22 and our target will 600pips

Good luck

EUR / JPY continues to decline to the south, on the hourly chart is significantly formed two bands, resistance 128.50 (zone of the upper zone of fractals and alligator slide) - higher than this pair is not allowed, and the lower zone of fractals 127.60, holding the sale, reduction was expected to be lower zone I hope, too, that break through.

EUR/JPY intraday: STILL BEARISH
Pivot: 129
Our preference: Short positions below 129 with targets @ 127.6 & 127.25 in extension.
Alternative scenario: Above 129 look for further upside with 129.7 & 130.2 as targets.
Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.
http://dl.dropbox.com/u/51561036/scr...416-023017.png