Eur/Jpy

My analysist for eurjpy today,18 june 2013 using open market price strategy
buy stop 126.52 tp 126.72 sl 125.92
sell stop 126.12 tp 125.92 sl 126.72

happy enjoy trading...

hi;;;

price:126.63
will buy:127.63


:accute:

time frame- H1
price is making a hanging man candlestick pattern and try to move down side but the pivot point at the 126.30 is also try to hold its down movement if the 126.30 level is break the price will falling to the support at 125.64. short with the stop loss at the 127.00
good luck.

4H timeframe EUR/JPY TREAND
fibo-retracement show the trend is bearish
pivots : 126.59
resistance : 126.83
support : 126.35
bollinger band still shows sign of down trend(bearish)

EUR/JPY

http://i1292.photobucket.com/albums/...ps64a8b34f.png

As it is clear from the chart that 126.87 is providing clear support but needs to be hold today as well and we will
see a decline towards lower boundary 123.22 and break there would be final decline for the pair towards
118.73 which is 38.2% of the rise from the bottom 94.10 And as long as 126.87 and 128.12 is providng resistance I would
bet a break below 124.96 to confirm the swing towards 123.22 and Lower in the medium term

Resistance Level : 105.20, 105.80, 104.70
Support Level : 101.70, 101.25, 100.65
Trading Range : 103.25 – 105.20
Trend : Bearish.........................

EUR/JPY Pivot Points

EURJPY H 4H D W M
R3 126.95 127.20 128.25 135.94 140.00
R2 126.80 127.02 127.58 133.61 136.91
R1 126.70 126.79 126.93 129.61 133.69
PP 126.55 126.61 126.26 127.28 130.60
S1 126.45 126.38 125.61 123.28 127.38
S2 126.30 126.20 124.94 120.95 124.29
S3 126.20 125.97 124.29 116.95 121.07

Eur/jpy analysis for 06.18.2013 by using pivot indicator.

r3: 128.24
r2: 127.58
r1: 126.94

pivot: 126.28

s1: 125.64
s2: 124.98
s3: 124.34

As you see in my following chart, the pair trading within ascending channel till now, now it trading in strong support level @ 126.08, so bullish movements are expected targeting the higher line of the channel.
http://charts.mql5.com/1/825/eurjpy-...orex-group.png

based on indicators that we use for the currency pair EURJPY. today for the resistance level today as follows: RI (127.18) R II (127.63) R III (128.30). and to this day support levels as follows: SI (125.40) S II (124.93) S IIII (124.30)
recommendation:
put sell limit at the level of R III, and a sell stop at 126.08 price target profit at 125.88