Eur/Jpy

Quote:

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Originally Posted by ruhinifx

eur/jpy about to fall now

sell @131.20...sl 30 pip...tp 70 pip

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profit booked....70 green pips

This is a bearish state or a strong downtrend for the currency pair EURJPY, from my recommendation is to buy put a limit on the price of 130.36 (RI) and for about 20-30 pips profit targets, although h1 bearish, but consideration of me was seeing h4 timeframe -monthly is still in bullish therefore buy order here is based on a thorough consideration

Possible trend shift in EURJPY – going short

I see the pair will go to down way to 128.80
stochastic refers that the pair will go down
so our target sell from 130.80 and our target will 200pips

Good luck

the pair will go up to fibo
I see the pair will go to up way to 131.80
macd refers that the pair will go up
so our target buy from 130.80 and our target will 100pips

Good luck

Consolidation from 133.80 is still in progress and deeper fall could be seen. But even in that case, downside should be contained by 124.84 cluster support (61.8% retracement of 119.10 to 133.80 at 124.75) and bring rally resumption. We'd anticipate another rise through 133.80 towards 61.8% projection of 100.32 to 127.70 from 119.10 at 136.02

EURJPY,H1
Date 2013.05.30
Time 01:00

Spoiler:

http://charts.mql5.com/1/672/eurjpy-...orex-group.png

Open 130.88
High 130.89
Low 130.83
Close 130.85
Volume 84
SMA(5) 130.87
SMA(10) 130.81
SMA(20) 130.97
SMA(50) 131.29
SMA(100) 131.16
SAR 131.12

Indicator window 1
Stoch(5,3,3) 85.1351
Signal 84.8835

Indicator window 2
RSI(14) 44.0035

Indicator window 3
MACD(12,26,9) -0.134
Signal -0.160

Indicator window 4
%R(14) -45.9770

based on combination of indicators above,
trend : BEARISH

EUR/JPY

The Camarilla Pivot Point Levels of EUR/JPY for today.
Resistance 4= 131.59
Resistance 3= 131.26
Resistance 2= 131.15
Resistance 1= 131.04
Pivot point= 131.00
Support 1= 130.82
Support 2= 130.71
Support 3= 130.60
Support 4= 130.28

Suggestion:
We recommend that you don’t trade in area 130.82 - 131.04.
Beware if the price break 131.15, It’s most likely that price would be bullish to 131.26 or 131.59. Conversely, if the price penetrate 130.71, it is most likely that prices will continue to bearish the 130.60 or 130.28.
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elliott zigzag or flat correction 132.34 current up move should be ended around 131.88 - 132.33 any correction consolidtion should find suport in 131.06 - 130.70
res2 130.69
res1 132,33
piovt 131.43
sup 130.79
sup2 129.79

we can see in the 1w chart
the pair will go down to fibo
I see the pair will go to down way to 129.17
rsi refers that the pair will go down
so our target sell from 131.17 and our target will 200pips

Good luck