Eur/Jpy

Quote:

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Originally Posted by mesdo5200

I see the pair will go to down way to 130.50
so our target sell from 132.50 and our target will 100pips
Good luck

:good::respect:

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I think the same way like you :)
I see in H4 charts that EUR/JPY is very overbought, so should come some kind of sell of.
I would bet at levels 130.20 and if will be 130 broken we could test these levels 128.80 - 129.50.

Good luck !

elliott elongated flat correction up 132.90 current rise should end around 133.11 objectives of this down move are 131.53 or 130.56 arise above 133.74 is again bullish

--- Follow up analysis ---
The pair EUR/JPY has stagnated since the beginning of the week around 132 points, with 131.50 as support and 132,50 as resistance.
132 points are tested this morning as support.

The EUR / JPY is still above its bullish slant (blue line).

I advise traders to trade only long positions as far as 131.50 is support.
The upward breaks of 132 and then 132.50 would both offer a new buy signal for an extension of the rally towards new medium / long term highs .

In case of return below 131.50 points (breakout of the slant - blue line), i will advise to wait the breakout of 131 before trading short positions.

NB: traders whose trading strategy is more aggressive could trade the pair according to 131.50 points :
- Only long positions above 131.50 points.
- Only short positions below 131.50 points.

elliott elongated flat correction up 133.02 up trend is still intact in a triangle configuration it should continue to rally to 131..93 or 133.25 of support around 126.18 hold after which a pullback to 126.18 - 123.71 zone is possible

for EURJPY now, after a gap down and followed the movement down deeper, EURJPY currency pair currently sell stop at 131.91 starting price (or current) with a buy stop tp 131.71 and you can also put the price up to 132.51 132.31 to profit reversal prediction for today is priced at 131.39 (for lowernya) and 133.09 (for higher)

I see the pair will go to up way to 132.57
stochastic refers that the pair will go up
so our target buy from 131.83 and our target will 75pips
Good luck

@>-

Eur/jpy analysis for 05.20.2012 by using pivot indicator.

r3: 133.11
r2: 132.65
r1: 132.19

pivot: 131.73

s1: 131.27
s2: 130.81
s3: 130.35

EURJPY,H1
Date 2013.05.20
Time 03:00

Spoiler:

http://charts.mql5.com/1/590/eurjpy-...orex-group.png

Open 131.81
High 131.88
Low 131.73
Close 131.84
Volume 224
SMA(5) 131.98
SMA(10) 132.10
SMA(20) 131.95
SMA(50) 131.80
SMA(100) 131.91
SAR 132.47

Indicator window 1
Stoch(5,3,3) 56.3596
Signal 57.9330

Indicator window 2
RSI(14) 48.0643

Indicator window 3
MACD(12,26,9) 0.061
Signal 0.104

Indicator window 4
%R(14) -45.3947

based on combination of indicators above,
trend : NEUTRAL

Eur/jpy pivot levels by using fibonacci pivot indicator.

r1: 133.42
r2: 132.93
r3: 132.62

pivot : 132.13

s1: 131.64
s2: 131.33
s3: 130.84

Pivot levels today:
R3: 134.50
R2: 133.52
R1: 132.82
PP: 131.74
S1: 130.97
S2: 129.99
S3: 129.22
Comment: Price now is close to the daily and weekly pivot levels, and the 55 SMA, so no clear signal now.
Forecast: By breaking 132.29 level, this may open the way to more rising to 133.52.