Any pullbacks below 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011
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Any pullbacks below 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011
Euro retreat from day high at 111.25 has extended below t 5-month low at 108.70, reaching 108.50, weighed by concerns about a downgrade of France's debt rating, and the share suspension of Italian bank Intesa Sanpaolo.
With 112.34 minor resistance intact, further decline is still in favor in EUR/JPY for 108/70 support first. Break will confirm resumption of whole fall from 123.31 and should target 105.42/106.28 support zone first. On the upside,
If a M15 close above 109.37 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 108.47 sell only and do not buy. If price closes back above it again do nothing
The range 109.37 and 108.47 is neutral area, any trade done in between is personal decision and not part of this analysis
Look for a fresh medium-term higher low to carve out around 110.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
Japan may cut its growth forecast for the year ending March as the government will reduce the forecast to 0.5% from a previous 1.5% estimate.
BoJ is mulling additional easing measures to support the market according to the japan newspaper
There are two attempts that failed to close below this in the 1H chart. Both attempts have resistance near 109.40. A break above 109.40 completes a double bottom . 109.50 resistance represents an intraday pivot and a break above that adds to evidence of a bullish swing to follow.
the pair and as we can see from the chart is trading now above the level of 108.00 , so when ever the pair success in breaking 108.00 , that's mean the down trend will be assured and the pair might head to 107.60 and then 107.20
Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
the pair has succeeded in closing it's daily candle above level 109.00 , and that's mean the up trend is still standing and the pair might head to 109.50 and then 109.70
Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35.
The euro is losing further ground against its Japanese counterpart as investors favor the yen as a safe haven asset during times of global uncertainty and as fears of a spreading euro-zone debt crisis persist.
If a M15 close above 109.53 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 108.95 sell only and do not buy. If price closes back above it again do nothing
The range 109.53 and 108.95 is neutral area, any trade done in between is personal decision and not part of this analysis
Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
the chart is showing that the pair has succeeded in closing it's daily candle above level 109.00 , and that's mean the up trend is still standing and the pair might head to 109.50and then 109.80
Any pullbacks below 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011. Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
EUR/JPY opened the Asian trade at108.92 and, after very little pullback, began its campaign to target lower levels, breaking below 108.30 (Wednesday’s low) to kiss 108.23, a level not seen since the 17th day of March.
The EUR/JPY is falling in a channel from the July highs. Today it has rallied a little and encountered resistance at the upper channel line of the move down. It may fall from here and continue the trend down with the next target at the 108.00 lows
the pair and as we can see from the chart has closed it's weekly candle above the level of 109.00 , so , that's mean the up trend is still standing and the pair is heading to 109.60 then 110.00
Any pullbacks below 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011
Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35.
the pair and as we can see from the chart has closed it's weekly candle above the level of 109.00 , so , that's mean the up trend is still standing and the pair is heading to 109.60 then 110.00
EUR/JPY dipped to 108.01 last week before forming a temporary low there and recovered. The development affirmed the case that recent fall from 123.31 is still in progress
current development suggests that rebound from 105.42 medium term bottom was merely a correction and has completed at 123.31 already.
Intraday trade:
If a M15 close above 109.52 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 109.25 sell only and do not buy. If price closes back above it again do nothing
The range 109.52 and 109.25 is neutral area, any trade done in between is personal decision and not part of this analysis
the pair has stated it's trading week above the level of 110.00 and that's mean that the up trend is expected this week and the pair might head to 109.40 and then 108.80
The EURJPY was indecisive on Friday, made a Doji on daily chart. My overall technical bias remains to the downside as long as price stays below the trend line resistance but the movement back above 109.45 earlier today in Asian session stops the strong intraday bearish bias for now
the pair is trading under the level of 110.00 , any way if the pair succeeded in breaking 110.00 , it will continue in it's up movements heading to 110.40 and then 110.80
Any pullbacks below 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011. Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
On the upside, above 111.23 will bring stronger rebound. But after all, we'd stay bearish as long as 114.17 resistance holds and expect more downside ahead.
The euro-yen pair has risen above the intraday channel and broken out higher. It has also risen within a larger channel on the daily chart, targeting the upper channel line in the 112s
Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
the pair and as we can see from the chart has closed it's daily candle under the level of 111.00 , so , that's mean the down trend is still standing and the pair is heading to 110.50 then 110.00 but the uptrend is still standing
the down-trend could resume at any time. If so it could revisit the 108 lows again. A move higher, however, could find resistance from the R1 pivot at 112.62.
The EURJPY had a bullish momentum yesterday, topped at 111.02 and closed at 110.89. The bias is bullish in nearest term especially if price able to make another break above 111.25 testing the trend line resistance and 112.90 – 113.40 region
A sustained break over 114.18 is required to suggest an end to the downphase that was initiated from 117.74. With this in mind we look to see if a push back over the 50 week moving average, (currently at 113.56), can be achieved. Failure to do so will warn of a fresh bout of weakness.
the chart is showing that the pair is trading under level 111.00 , that's mean the down trend is standing and the pair might reach 110.00 , but if the pair succeeded in breaking 111.00 , it will head to 111.30 and then 111.70
Buy [Start] -> 110.67
Buy [End] -> 110.87
Stop Loss -> 110.27
Max Take Profit -> 111.59
Resistance 1 -> 111.45
Resistance 2 -> 111.96
Resistance 3 -> 112.94
the pair and as we can see from the chart has closed it's daily candle under the level of 111.00 and beside 110.50 , so , that's mean the down trend is still standing and the pair is heading to 110.30 then 110.00
While below 110.85 - 111.10 it is more likely to fall further towards 110.15 or 109.65.
Supports / Resistances
Res 2 111.5500
Res 1 111.1000
Pivot 110.6000
Sup 1 110.1500
Sup 2 109.6500