Eur/Jpy

There is a tradeing that trends with this pair but now i have seen that jpy has become too week in that when you are tradeing in this pair will not know where it will be moving to that you have to very careful when tradeing

today i place pending sell order @ 128.67
my stop loss of the day @ 129.12
my half take profit @ 128.37
and half @ 128.07

EURJPY,H1
Date 2013.04.30
Time 01:00

Spoiler:

http://charts.mql5.com/1/441/eurjpy-...orex-group.png

Open 128.08
High 128.18
Low 128.06
Close 128.15
Volume 76
SMA(5) 128.16
SMA(10) 128.23
SMA(20) 128.00
SMA(50) 128.12
SMA(100) 128.75
SAR 127.77

Indicator window 1
Stoch(5,3,3) 30.9524
Signal 26.5850

Indicator window 2
RSI(14) 52.0186

Indicator window 3
MACD(12,26,9) 0.054
Signal 0.056

Indicator window 4
%R(14) -55.8442

based on combination of indicators above,
trend : NEUTRAL

http://charts.mql5.com/1/441/eurjpy-...orex-group.png



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 129.17

rsi refers that the pair will go up

so our target buy from 128.17 and our target will 100pips

Good luck
:good::respect::peace::happy::doubt:

elliott elongated flat correction down 12.87 one more dip to 127.50 - 126.87 is likely followed by a grind higher to 128.62 - 129.11 after whivh it can resume it is down trend

Eur/jpy analysis for 04.30.2013 by using pivot indicator.

r3: 130.27
r2: 129.43
r1: 128.73

pivot: 127.89

s1: 127.19
s2: 126.35
s3: 125.65

From 03:58 30-Apr-2013 GMT
Till 07:58 30-Apr-2013 GMT
Sell
Sell at 128.29
Take profit* at 127.82
Stop loss at 128.62

today i like to buy this pair @ 128.07
my stop loss for today @ 127.77
my take profit for this pair @ 128.67

Pair : EURJPY
Updated : Tue, Apr 30 13:35
Price : 127.93
Movement : -8.5 Pips
Movement : -0.07%

Support : 126.34
Pivot : 127.88
Resistance : 129.42
:doubt:

Spoiler:

http://sadpanda.us/images/1568337-QMPNUIU.png

On the hourly chart, the price is below the 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
50 RSI cross the line below area 50 ,indicates the trend is still down
Recommendation: SELL
Take profit: 126.35
SL:128.73