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The Pair are still on strong bullish condition. I think the bearish condition today just a retrace to find new higher. The MA480 and the MA240 still show this pair are on strong bullish. The minor trend are netral. it will be confirmed by the pivot, if the price are traded above it, high possible the bullish trend will continue.
Today SNR :
R3 : 133.27
R2 : 132.84
R1 : 132.54
Pivot Level : 132.11
S1 : 131.81
S2 : 131.38
S3 : 131.08
Pivot levels today:
R3: 135.47
R2: 134.64
R1: 133.63
PP: 132.79
S1: 131.77
S2: 130.94
S3: 129.92
Comment: Price now is below the daily pivot level, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 130.94.
the pair is now pushing back to support level after making high to resistance of 133.79..so our target is to sell now
sell 131.95
tp 130.10
sl 133.00
today i like to buy this pair @ 130.57
my stop loss of the day @ 130.37
half take profit @ 130.96
and half @ 131.44
Heavy fall of all yen pairs in the asian session.
We will buy EUR/JPY.
Targets are: 1st ---> 131.65 2nd---> 132
ALL BUYs should end @ 130.13
eur jpy is moving down and down from yesterday.can any tell the limit that where it will stop.i really miss to catch its movement
even for the euro currency had strengthened also experienced strong beraish the EURJPY currency pair. for signal maybe I do not recommend any, but here are the support levels of the EURJPY currency pair today. 131.50 (S I) 130.93 (S II) 129. 94 (S III)
Pivot points
H 4H D W M
R3 132.10 133.68 135.51 134.13 145.22
R2 131.58 132.84 134.66 133.33 138.16
R1 131.31 131.62 133.65 132.88 133.21
PP 130.79 130.78 132.80 132.08 126.15
S1 130.52 129.56 131.79 131.63 121.20
S2 130.00 128.72 130.94 130.83 114.14
S3 129.73 127.50 129.93 130.38 109.19
Actual value 131,04
It has broken dayly R1, so I think a little bit more fall is spected
the market was seen in process of an important topping, but with scope for another week or 2 of ranging. The market has indeed chopped since, earlier pushing to a slight new high but still seen part of this larger topping. Note that all the previously mentioned negatives remain, including a market that's very overbought after the surge from last July, is within longer term resistance near 133 (see longer term below), is seen within the final upleg in the rally from at least the Feb 25th low at 118.85 (wave 5), and technicals are not confirming the last few months of gains (see bearish divergence on the daily macd at bottom of daily chart below). Can also add to this, the apex of the multi-week triangle during April (where the trendlines meet) occurs during this time and often coincides with market reversals, and the slight, false break of the bullish trendline from Feb 2012. These all add to the view of a topping and even argues that the final top may indeed be in place (though still no confirmation "pattern-wise", 5 waves down on shorter term chart). Nearby support is seen at 131.10/30 and 130.00/25 (apex of triangle).
welcome
the pair trading down
I see the pair will go to down way to 130.18
so our target sell from 131.18 and our target will 100pips
Good luck