Eur/Jpy

today's opening price is below 129.35 pivot shows today tend to go down.
prices down through MA 100 shows down trend.

signal: sell / bearish

Spoiler:

http://my.jetscreenshot.com/demo/m_2...-bdsw-97kb.jpg

Analysis Eur/Jpy using pivot indicator
Resistance 3: 130.56
Resistance 2: 130.22
Resistance 1: 129.68
Pivot: 129.34
Support 1: 128.80
Support 2: 128.46
Support 3: 127.92

"26/04/2013"

Eur/Jpy Calculation results Pivot Today, 04/26/2013

Resistance 2 = 130.24
Resistance 1 = 129.74
Pivot Point = 129.38
Support 1 = 128.88
Support 2 = 128.52

Buy = 128.70
Take Profit = 129.99
Stop loss = 128.16

Sell = 129.99
Take Profit = 128.70
Stop loss = 130.74

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.
:accute:

for EURJPY I recommend you to put a buy order starts now, because prices are still able to get one at the price of 128.68 support, conditions now in overbought condition. If you prefer a sell order, the better price you put on 127.97, which is going to lower,

Eur/jpy is one of my favorite pair.today's movement i think eur/jpy is downtrend.so i sell it.tp 128.16

Now the price is moving below the Support 2 as you can see in the chart.
At this stage I will sell with take profit just above the Support 3 at 128.00 and stop loss just above Support 2 at 128.50

http://charts.mql5.com/1/421/eurjpy-...orex-group.png

Pivot levels today:
R3: 130.61
R2: 130.24
R1: 129.77
PP: 129.40
S1: 128.93
S2: 128.56
S3: 128.08
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 127.15.

EUR/JPY trend is down on daily but to trade this kind of setup and consider the volatility of the pair trader have to be very careful because if the trend on EUR/JPY is down on daily does not mean that trader should go and place sell. if any trader trade it he will loss his money but this is how to trade the setup. The trend is down but trader should watch 127.40 if this support is break then it mean we should expert more sell but if the support is hold it means then ER/JPY will retrace to up.

http://charts.mql5.com/1/421/eurjpy-...orex-group.png



hi

how are you

we can see in the 4h chart

the pair can not close up the broken down trend line

I see the pair will go to down way to 127.18

stochastic refers that the pair will go down

so our target sell from 128.18 and our target will 100pips

Good luck

EUR / JPY yesterday's excellent work out a signal to sell, now rate went up to the next support level of 128.00 figure (lower fractal zone) - as long as it prevents the further reduction, it would signal a breakthrough on another market, it will virtually unobstructed path to 126.65.