Eur/Jpy

From 01:18 23-Apr-2013 GMT
Till 05:18 23-Apr-2013 GMT
Sell
Sell at 129.63
Take profit* at 129.12
Stop loss at 130.02

Eur/jpy analysis for 04.23.2013 by using pivot indicator.

r3: 132.30
r2: 131.48
r1: 130.56

pivot: 129.74

s1: 128.82
s2: 128.00
s3: 127.08

Fibonacci Pivot Point Today
r3=131.44
r2=130.77
r1=130.36
pp=129.68
s1=129.01
s2=128.60
s3=127.92

In my sentiment it testament jazz medium period top around 125 around this week or incoming but any setback to beneath 110 will hold the transform or justified set the tendency to bearish again, daily proof gift be on Ishim and the resistance Ishim.

today i like to buy this pair @ 128.30 to 128.50 range
my stop loss of the day @ 127.90
half take profi t@ 128.80
and half @ 128.95

eurjpy binocular solely bounced because of her program 114..
in my opinion nowadays her instance of this binocular to move into.. it is invested in because of in this case up to the point 117..
thsi binocular is absolutely not explaining much more progress.. particularly nowadays her signal are actually implying of this a lot of basically.

EUR / JPY consolidates around Support 129.00, IMP Eur Pressed

EUR / JPY traded down 44 points at 129.10. Earlier in the session, the pair is trading just below the 129.00 level, but once again found strong support and try to recover some of the decline. HSBC China PMI data seem (50.5 actual vs. 51.4 forecast) which was released at the beginning of the session has led to some unwinding of yen carry trade because of their lower overall. European economic calendar will also be the focus with the release of IMP Germany (07:28 GMT) and the European IMP (7:58).

"Regardless of the initial strength, lack of follow-up finally weighed on a weaker yen pair that day. EUR / JPY has tested briefly above 130.60 resistance, but quickly retraced and highly correlated with the USD / JPY is not able to take out 100.00. However, in the 4 hours chart upside remains favored because of a decline below 129.00 triggers a strong bounce, with indicators in positive territory and price above SMA 100 and 200

Bullish remained strong at the 4 hour time frame, while the index of OB / OS remain neutral. Looking at the daily chart, it will be important for the couple to close above the short term rising trend line (128.90) which connects daily lows of 5 sessions. A step below can promote further weakness to 127.20 (previous resistance, now support on the daily chart). The first resistance is at 129.40 (broken support at the 1 hour chart), followed by 129.80 (candle bidding on 1 hour chart).

Support: 128.38, 128.14, 127.75
Resistance: 129.65, 129.41, 129.02

Trend: Bearish
Overbought / Oversold: Neutral

Pivot levels today:
R3: 132.40
R2: 131.51
R1: 130.64
PP: 129.79
S1: 128.92
S2: 128.03
S3: 127.18
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, and also it breaks the upword trend @ 1 H time frame, so more fall is expected.
Forecast: Price will fall to 125.75.

Eur/jpy pivot levels by using fibonacci pivot indicator.

r3: 130.54
r2: 130.86
r1: 130.44

pivot : 129.76

s1: 129.08
s2: 128.66
s3: 127.98

The pair continues to fall today after breaking through the 38% Fibonacci pair bounced between 50% and tested again 38% Fibo of which began to fall on the momentum moving. If the spark plug is locked below 61% Fibonacci retracement of the last intermediate uptrend and 23% Fibonacci of the last upward - it is recommended to continue selling to 126.55 is the last day minimum and 38% Fibo of the total upward movement.