Eur/Jpy

eur/jpy market analysis on 16.05.13 by using : average directional movement index

adx : 26.7614
+di : 25.8104
-di : 9.6723

timeframe : 1 hour
time : 1200

EUR / JPY last at 131.70, from the current weekly lows at 131.16, which is printed at the beginning of the NY session, following the weakness of the Euro and the Yen strength. The pair fell -0.31% so far, while still higher by +15.83% current year and 28.05% in the last 6 months.

EUR / JPY 'leave now before the price below 100 SMA on the hourly chart, and the general bearish tone coming from technical readings continue to be in negative territory, "wrote Valeria, who then added:" However, new stock highs limit the yen's rise, with the pair aiming higher, despite the obvious exception recovery above 132.00, the upside will remain limited. In a larger time frame pattern looks slightly negative, with indicators heading lower around their midlines,

Support: 131.57, 131.40, 131.28
Resistance: 132.15, 131.98, 131.86

jpy aaj pichlay 5 month se weak ho raha he or is ka abhi tak rukne ka koi program nahi he kyon k japan ki hakumat easing kar rahi he or or apnay curency ko devalu kar rahi he .

whereas for EURJPY, I give to you to follow the two-way signal buy stop and sell stop because for now the price is still moving between the two zones, you can place buy stop at 131.98 and sell stop price 131.58, to take profit may I suggest you to more patient, or can be more than 20 pips, because I think the movement will now continue until tomorrow with another new trend

http://www13.0zz0.com/2013/05/16/15/935566708.png
hi
the pair in (1h) chart
the pair trade above the up trend
rsi refers that the pair will go up
i will bay and our target 40 pips

Hi,,,:peace:



in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 129.75
I expect from this analyze that the price will go to down way
so sell from 131.74 to 129.75
good luck

On the hourly chart clearly shows that the pair formed a converging triangle rate is not able to overcome the resistance of the horizontal 132.55 (the upper boundary of the triangle), another sale going to open after a lower boundary of the triangle that should open up 130.40.

EURJPY,H1
Date 2013.05.17
Time 02:00

Spoiler:

http://charts.mql5.com/1/571/eurjpy-...ex-group-3.png

Open 131.65
High 131.66
Low 131.61
Close 131.64
Volume 46
SMA(5) 131.70
SMA(10) 131.70
SMA(20) 131.78
SMA(50) 131.83
SMA(100) 131.96
SAR 132.10

Indicator window 1
Stoch(5,3,3) 21.7822
Signal 32.6236

Indicator window 2
RSI(14) 44.1256

Indicator window 3
MACD(12,26,9) -0.035
Signal -0.017

Indicator window 4
%R(14) -88.7097

based on combination of indicators above,
trend : NEUTRAL

Have found resistance to 119.20 （ 5/3) and 118.50 Yen / Euro 117.80 moved to a higher level (5/30) (04 / 26 ）? 20-Draw support level lies 105.49 at 116.90 (May 11 Hidaka) and 87.4 (May 20, 6 high).

we can see in the 4h chart the pair can not close up the broken down trend line
I see the pair will go to down way to 130.72 stochastic refers that the pair will go down so our target sell from 131.72 and our target will 100pips


http://charts.mql5.com/1/571/eurjpy-...ex-group-2.png