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The pair are not fulfilled morning northern signal rate started now southern descent and has broken through the sloping support level course now trying to overcome the 128.00 figure and if it succeeds then be sold to the objectives of 127.40, 127.00, RSI has formed a double bearish divergence, so most likely we will fall.
See EURJPY pair in H1 timeframe seems to have started a reversal back down again see the movement that has a trendline break. strong possibility that the bearish power comes to an 38.2% Fibonacci.
https://lh5.googleusercontent.com/-j...SET%25255D.png
Eur/jpy pivot levels for today by using : fibonacci pivot indicator.
r3:131.35
r2:130.08
r1:129.29
pivot :128.02
s1:126.75
s2:125.97
s3:124.69
http://charts.mql5.com/1/365/eurjpy-...ex-group-3.png
hi
how are you
we can see in the 1h chart
the pair can close up the up trend line
i see the pair will go to up way to 129.15
rsi refers that the pair will go up
so our target buy from 128.15 and our target will 100pips
Good luck
:girl::woo::happy::peace:
elliott zigzag or flat correction 128.76 it is atriangle configuration market should break either side acceleration should occur a bove 129.74 or under 126.44 limits
support and resistances
res2 131.32
res1 129.59
pivot 128.02
sup1 126.29
sup2 124.72
Eur/jpy analysis for 04.19.2013 by using pivot indicator.
r3: 130.50
r2: 129.63
r1: 128.88
pivot: 128.01
s1: 127.26
s2: 126.39
s3: 125.64
Eur/jpy pivot levels for today by using : fibonacci pivot indicator.
r3: 129.68
r2: 129.05
r1: 128.66
pivot : 128.03
s1: 127.40
s2: 127.01
s3: 126.37
Pivot levels today:
R3: 130.43
R2: 129.60
R1: 128.81
PP: 127.96
S1: 127.18
S2: 126.36
S3: 125.42
Comment: Price now is above the daily and weekly pivots, also it is above the 55 SMA, also there is an upword trend @ 1H time frame, this means more rising is predicted.
Forecast: Price will go up to 131.96.
From 08:59 19-Apr-2013 GMT
Till 12:59 19-Apr-2013 GMT
Sell
Sell at 129.95
Take profit* at 129.52
Stop loss at 130.32
As you see in my following attached chart, EURJPY traded between a high of 128.76 and a low of 127.14, closed at 128.12. Today the pair trades below the resistance line of 129.85.
Downside Scenario: EURJPY could decline to the levels of 128.60, then 127.70, if the resistance line of 129.85 holds.
Upside Scenario: Upside penetration of the resistance line of 129.85 could send the pair to the levels of 130.50, then 131.60.