Eur/Jpy

Hi,
My preferance for Eur/Jpy is to sell from 128.50 and to stop loss at 127.00,
first take profit is at 129.50 and second at 130.00.
Good luck for everyone :)

My analysist for eurjpy today,25 june 2013 using open market price strategy
buy stop 128.42 tp 128.62 sl 127.82
sell stop 128.02 tp 127.82 sl 128.62

happy enjoy trading...

scenario for pair eur - jpy
elliott correction zigzag 127.44 it looks more likley that it would rise to 1.29.41 - 130.51 from 128.06 or 127.51 after which a down side move is expexted
support and resistances
res2 130.51
res1 129.41
piovt 128.60
sup1 127.51
sup2 126.70

EURJPY,H1
Date 2013.06.25
Time 04:00

Spoiler:

http://charts.mql5.com/1/879/eurjpy-...orex-group.png

Open 128.37
High 128.58
Low 128.34
Close 128.56
Volume 90
SMA(5) 128.29
SMA(10) 128.22
SMA(20) 128.24
SMA(50) 128.55
SMA(100) 128.41
SAR 127.30

Indicator window 1
Stoch(5,3,3) 90.0000
Signal 66.1218

Indicator window 2
RSI(14) 54.6222

Indicator window 3
MACD(12,26,9) -0.073
Signal -0.152

Indicator window 4
%R(14) -11.7241

based on combination of indicators above,
trend : NEUTRAL

time frame- H1
price movement is still in the down side channel pattern. now price at the resistance trend line of the channel and having the resistance at 128.85 if the price break the pivot point at 128.23 to the take profit at 127.60 and stop loss at the 128.90
good luck.

Eur/jpy analysis for 06.25.2013 by using pivot indicator.

r3: 131.08
r2: 130.14
r1: 129.17

pivot: 128.23

s1: 127.26
s2: 126.32
s3: 125.35

Eur/jpy daily pivots by using fibonacci pivot indicator.

r3: 130.19
r2: 129.45
r1: 128.99

pivot : 128.24

s1: 127.50
s2: 127.04
s3: 126.29

today i like to buy this pair @ 127.36
my stop loss of the day @ 127.00
half take profit for today @ 127.70
and further half take profit @ 128.25

EUR / JPY formed a converging triangle, this figure has a bearish tone as there is a bias resistance area to the south, while considering only sales-their plan to open or when approaching a sloping level (the point of tangency 128.00 figure) or after a lower fractals (the lower bound of the triangle ) 127.25.

The following data is predicted based on indicators that we use for the currency pair EURJPY this day, to this day resistance levels as follows: RI (129.53) R II (130.19) R III (131.13). and to this day support levels as follows: SI (126.92) S II (126.27) S IIII (96.24)
recommendation:
place your buy stop at 128.43 target profit at 128.63 (buyer zone)
for now the price is still in the zone seller (128.03-127.83), so you can still put a sell order, because h4 timeframe still allow for strong downtrend