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Since the 128.00 level was already breached yesterday, EUR/JPY started a new direction, now this currency is about to head up: all the three moving averages make a Golden Cross pattern.
RECOMMENDATION:
Buy stop (pending order) at 129.51.
Take profit at 129.65.
Stop loss at 129.41.
Best regards,
http://charts.mql5.com/1/914/eurjpy-...orex-group.png
we can see in the 1w chart the pair can close up the up trend line
i see the pair will go to up way to 131.07
rsi refers that the pair will go up
so our target buy from 129.07 and our target will 200pips
today i like to sell this pair @ 129.44
my stop loss of the day @ 129.77
half take profit for today @ 129.14
and further half take profit @ 128.78
Hi,
My preferance for Eur/JPY is to buy from 129.25 and to stop loss at 128.00,
first take profit is at 130.00 and second at 130.50 (third is optional at 131.00).
Good luck for everyone :)
WE manage to break above 128.80 And Now I am expecting test of 131.00 is on its way So expect it to be in three waves as well When it will complete I would like to see the reaction if still there is any bearish action left with the pair and will update the chart with any opportunity So remain cautious there will be a trade coming your way soon
Regards
Check the chart
http://i1292.photobucket.com/albums/...psc8a7f518.png
elliott flat correction up 129.07 it should try higher up to 128.31 - 128.73 entry point 127.89 or 127.64 after this rise a correction is expected
support and resistances
res1 129.23
res1 128.89
piovt 127.89
sup1 127.39
sup2 126.55
forecast eur/jpy for monday 1 july 2013
since the price was fully rejected from the resistance area (129.60), it is surely that the price will moving down toward support area 126.90
we can search for sell entry when the candle going to the up near resistance before continue going down to the support area.
good luck...
http://charts.mql5.com/1/917/eurjpy-...orex-group.png
we can see in the 1h chart
the pair will go down to fibo 50.0
I see the pair will go to down way to 120.06
stochastic refers that the pair will go down
so our target sell from 128.94 and our target will 88pips
@>-
http://charts.mql5.com/1/921/eurjpy-...orex-group.png
the pair can not close up the broken down trend line
I see the pair will go to down way to 127.94
rsi refers that the pair will go down
so our target sell from 128.94 and our target will 100pips
=(
http://charts.mql5.com/1/921/eurjpy-...ex-group-2.png
we can see in the 1h chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 127.94
stochastic refers that the pair will go down
so our target sell from 128.94 and our target will 100pips