At the moment EUR/JPY is in an Channel. Its looking like an Bullish flag. We have to wait and see how price
reacts on the top of the channel.
pic
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At the moment EUR/JPY is in an Channel. Its looking like an Bullish flag. We have to wait and see how price
reacts on the top of the channel.
pic
elliott irregular flat correction down 127.11 it should test 128.48 are after whish a sell off down to 127.20 or extended to 126.36 area is expected
if u look H4 time frame then this pair show's its still in breash mood today i will suggest short sell around 128.25 to TP 128.00 and 127.70 i think today this pair may fall to 127 lavel.
major support is 127.49
Eur/jpy analysis for 05.01.2013 by using pivot indicator.
r3: 131.23
r2: 130.30
r1: 129.00
pivot: 128.07
s1: 126.77
s2: 125.84
s3: 124.54
Pair : EURJPY
Updated : Wed, May 01 13:14
Price : 128.21
Movement : -5.7 Pips
Movement : -0.04%
Support : 126.69
Pivot : 127.99
Resistance : 129.30
:happy::happy:
Pivot levels today:
R3: 130.15
R2: 129.32
R1: 128.84
PP: 128.01
S1: 127.52
S2: 126.69
S3: 126.20
Comment: Price now is close to the daily pivot level and above the 55 SMA, but also it is below the weekly pivot level, so no clear signal now.
Forecast: By breaking 128.50 level, this may open the way to more rising to 129.30, but if price can break 127.65 level, this may open the way to more fall to 126.73.
Eur/jpy pivot levels by using fibonacci pivot indicator.
r3: 129.37
r2: 128.85
r1: 128.53
pivot : 128.01
s1: 127.50
s2: 127.18
s3: 126.66
Wednesday 1 May 2013. Analysis using support resistance (daily)
Low: 127.19
High: 128.51
Close: 128.25
S3: 126.14
S2: 126.66
S1: 127.46
Pivot: 127.98
R1: 128.78
R2: 129.30
R3: 130.10
today's opening price: 128.30
Signal: Strong up
H1 is no formation of a bullish Gartley,, Emergency Bearish Gartley,, Emergency Crab Bullish ..
will go up or down?
while still hold long positions
[]http://my.jetscreenshot.com/demo/m_2...gryj-196kb.jpg[/]
reinforcement is certainly going to cause the euro EURJPY currency pair rose earlier than any other currency into the opponent jpy. therefore it is better if you want to stop pending order strategy, you can put a buy stop on a high that has formed on the previous day at the price of 128.50 if the price of success in penetrating likely prices will continue to move up towards 129.00 (r1)
On the hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI line cross above the 50 area, indicates the trend is still up
Recommendation: BUY
Take profitt: 129.31
Stop Loss :128
Spoiler: