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http://charts.mql5.com/1/487/eurjpy-...orex-group.png
hi
how are you
we can see in the 4h chart
the pair trading down the 38.2
I see the pair will go to down way to 128.41
stochastic refers that the pair will go down
so our target sell from 129.98 and our target will 150pips
Good luck
:good::respect::peace::accute::)))
After falling to daily lows in the wake of Draghi's comments about the ECB standing ready to act, the euro managed to trim losses against the yen and bounced back to the 130.00 area.EUR/JPY found support around 129.60 during the New York session, and climbed toward a session high of 130.06 before losing steam.
http://charts.mql5.com/1/487/eurjpy-...ex-group-4.png
we can see in the 4h chart
the pair trading down the 23.6
I see the pair will go to down way to 129.26
stochastic refers that the pair will go down
so our target sell from 129.90 and our target will 60pips
Good luck
elliott irregular flat corrective up 130.99 current rise seems to be over near 130,.12 or 130.87 for a retracement towards 129.37 - 128.88 area
support and resiatnces
res2 131.84
res1 130.87
pivot 129.37
sup1 128.40
sup2 126.90
EURJPY,H1
Date 2013.05.07
Time 04:00
Open 129.72
High 129.72
Low 129.47
Close 129.48
Volume 128
SMA(5) 129.77
SMA(10) 129.85
SMA(20) 129.94
SMA(50) 129.56
SMA(100) 128.90
SAR 130.10
Indicator window 1
Stoch(5,3,3) 17.9245
Signal 27.1907
Indicator window 2
RSI(14) 39.3707
Indicator window 3
MACD(12,26,9) 0.013
Signal 0.086
Indicator window 4
%R(14) -98.6667
based on combination of indicators above,
trend : BEARISH
Eur/jpy analysis for 05.07.2013 by using pivot indicator.
r3: 131.10
r2: 130.74
r1: 130.31
pivot: 129.95
s1: 129.52
s2: 129.16
s3: 128.73
Pivot levels today:
R3: 131.07
R2: 130.74
R1: 130.28
PP: 129.94
S1: 129.48
S2: 129.14
S3: 128.68
Comment: Price now is below the daily pivot level, but it is above the 55 SMA, so no clear signal now.
Forecast: By breaking 129.30 level, this may open the way to more fall to 128.68.
two indicators from (AO), Relative Vigor Index (RVI) and Gator Oscilators are in negative value as downtrend indication movement but Accumulated Oscilator (AO) is still indicating uptrend so pair is still in step by step bearish mode from 129.73 then both RSI and stochstic indicators are showing near buy border level in each indicator level as uptrend preparation from here
Eur/jpy pivot levels by using fibonacci pivot indicator.
r3: 130.80
r2: 130.49
r1: 130.29
pivot : 129.97
s1: 129.66
s2: 129.46
s3: 129.14
As you see in my following attached chart, the pair traded between a high of 130.38 and a low of 129.58, closed at 129.85. Today the pair trades below the resistance line of 130.50.
Downside Scenario: EURJPY could decline to the levels of 129.00, then 128.20, if the resistance line of 130.50 holds.
Upside Scenario: Upside penetration of the resistance line of 130.50 could send the pair to the levels of 131.40, then 132.50.
http://img15.hostingpics.net/pics/987624eurjpy.jpg
Spoiler: