Eur/Jpy

From 05:50 24-Apr-2013 GMT
Till 09:50 24-Apr-2013 GMT
Buy
Buy at 129.21
Take profit* at 129.68
Stop loss at 128.88

Pivot levels today:
R3: 132.13
R2: 131.04
R1: 130.08
PP: 128.97
S1: 128.00
S2: 126.89
S3: 125.93
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rise is expected.
Forecast: Price may rise to 130.98, but if it bounces and breaks 128.00 level, this will open the way to more fall to 125.74.

Eur/jpy pivot levels by using fibonacci pivot indicator.

r3: 130.97
r2: 130.22
r1: 129.75

pivot : 128.99

s1: 128.24
s2: 127.77
s3: 127.01

From the pair has developed a very uncertain situation, the course is sandwiched between the resistances of 129.80 and 200 MA (128.85) - is now the range on the daily chart has formed a divergence MASD-so from a pair of slide forward, sales will open or after release from 129.80 or upon breakthrough 128.90.

time frame- H1
the price is break the support at the 128.90 and move to lower side but hold at the support 128.10 and again pull up side. but it is rejected from the 130.00 so down movement is possible. we can short this pair to the target at 127.50 and stop loss at the 130.50

http://charts.mql5.com/1/404/eurjpy-...orex-group.png



hi

how are you

we can see in the 4h chart

the pair can close up the up trend line

i see the pair will go to up way to 130.19

stochastic refers that the pair will go up

so our target buy from 129.19 and our target will 100pips

Good luck

Calculation results Pivot Today, 24-04-2013

Resistance 2 = 131.09
Resistance 1 = 130.43
Pivot Point = 129.14
Support 1 = 128.48
Support 2 = 127.19

Buy = 127.84
Take Profit = 130.76
Stop loss = 125.91

Sell = 130.76
Take Profit = 127.84
Stop loss = 131.76

This analysis is positioned as an information, not contained or solicitation is open to any position of financial instruments. All decisions taken by the trader is a trader full responsibility.

EUR / JPY perfectly fulfills southern divergence signal and the stochastics is now to further reduce the Bears to overcome horizontal support 128.85 (Zone 2 lower fractals) in the breakout add another sale, profit at 128.00 a piece.

EURJPY saw movement likely will go down to the first line of the channel as depicted below. after touching point channel line below in the event a reversal to penetrate the support that has become resistant then that's when the confirmation to buy.

https://lh3.googleusercontent.com/-P...5BUNSET%5D.png

From 15:15 24-Apr-2013 GMT
Till 19:15 24-Apr-2013 GMT
Buy
Buy at 129
Take profit* at 129.38
Stop loss at 128.78