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time frame- H1
the price is move to the support at 127.90 and try to break this support at the time rsi is also turn to the oversold level 30. if the price is close below the 127.90 we can short this pair to the target at lower support at 126.30 and stop loss at the 129.70
Eur/jpy pivot levels by using fibonacci pivot indicator
r3: 130.26
r2: 129.92
r1: 129.71
pivot : 129.36
s1: 129.02
s2: 128.81
s3: 128.46
the market close well come around 109.63
but there has been lot of buying for past 2 hors
any eay lets see,,
i might be a small fluctuation,,
see movement in the market EURJPY H4 timeframe, if the candlestick closing H4'll further penetrate the support is expected to touch the Fibonacci support at the 38.2% point. because the point of the Fibonacci 38.2% is the strongest support will be reversed at that point.
https://lh5.googleusercontent.com/-5...5BUNSET%5D.png
elliott flat correction down 128.38 it looks more likely that it would rise to 129.69 - 130.23 from 129.09 or 128.81 after which a downside move is expected
support and resistances
res2 130.23
res1 129.69
pivot 129.36
sup1 128.81
sup2 128.49
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
http://charts.mql5.com/1/424/eurjpy-...orex-group.png
hi
how are you
we can see in the 1h chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 128.47
stochastic refers that the pair will go up
so our target buy from 127.80 and our target will 70pips
Good luck
Pair : EURJPY
Updated : Sat, April 27 20:12
Price : 127.60
Movement : -152.4 Pips
Movement : -1.18%
Support : 125.83
Pivot : 128.02
Resistance : 130.21
I see the pair will go to up way to 128.47
stochastic refers that the pair will go up
EUR/JPY drowns to 123.32 low
The Yen is rebounding once again from its lows after the awaited BoJ meeting and inflation outlook and the EUR/JPY is suffering the consequence