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EUR / JPY is still in an uncertain situation, the South will not let a couple of medium-level downhill trend, and to the north of the horizontal line resistance and 130.30, they formed a converging triangle to determine the side of the movement forward to break one of the edges of the triangle.
http://charts.mql5.com/1/513/eurjpy-...orex-group.png
we can see in the 1h chart
the pair can close up the up trend line
i see the pair will go to up way to 101.04
so our target buy from 130.04 and our target will 100pips
Eur/jpy analysis for 05.09.2013 by using pivot indicator.
r3: 132.16
r2: 131.28
r1: 130.75
pivot: 129.87
s1: 129.34
s2: 128.46
s3: 127.93
http://charts.mql5.com/1/515/eurjpy-...orex-group.png
we can see in the 1d chart
the pair can close up the up trend line
i see the pair will go to up way to 132.22
rsi refers that the pair will go up
so our target buy from 131.22 and our target will 100pips
http://charts.mql5.com/1/515/eurjpy-...ex-group-2.png
the pair can close up the up trend line
i see the pair will go to up way to 132.30
rsi refers that the pair will go up
so our target buy from 131.30 and our target will 100pips
Eur/jpy analysis for 05.10.2013 by using pivot indicator.
r3: 134.28
r2: 133.01
r1: 132.11
pivot: 130.84
s1: 129.94
s2: 128.67
s3: 127.77
bullish sharply signal is confirmed by both of Accumulated Oscilator (AO), Relative Vigor Index (RVI) and Gator Oscilators which are positive value as indication for strong drive for uptrend movement from level level 131.72, then combination between doji pattern several times and bullish hammer candle pattern are becoming bullish is being extended from high level
As you see in my following attached chart, the pair traded between a high of 131.74 and a low of 129.56, closed at 131.17. Today the pair trades below the monthly moving average 100 at the price of 132.20.
Downside Scenario: EURJPY could decline to the levels of 131.10, then 130.30, if the monthly moving average 100 at the price of 132.20 holds.
Upside Scenario: Upside penetration of the monthly moving average 100 at the price of 132.20 could send the pair to the levels of 133.00 then 133.70.
http://img15.hostingpics.net/pics/154546eurjpy.jpg
Pivot levels today:
R3: 134.22
R2: 132.99
R1: 132.06
PP: 130.83
S1: 129.89
S2: 128.63
S3: 127.71
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rising is expected.
Forecast: Price may rise to 134.23.
Hi,,
in the chart 1h we can see the pair will go to down way in the future
i see we can sell and our target will be 215 pips
I expect from this analyze that the price will go to down way
so sell from 131.78 to 129.65
good luck