Eur/Jpy

With a break above 128.40 It is confirmed that wave b is completed and we are on our way towards wave C which
should probably rise towards 130.40 area befoer a downside pressure builts for the pair and therefore
we need a break below 127.00 which will confimed that Wave c is done and we are on our way towards test
the important support 124.96 and with a break there we should allow the decline to go towards 118.70 which would
be 38.2% of the rise from 94.10 low And we should allow and give time for the break Howerver a break above 131.40 is
not allowed for any bearish picture So watch the price As dont rush into any countertrend moves till the
confirmation of bull price is seen.
Regards
Check the chart


http://i1292.photobucket.com/albums/...psfbfb7c7f.png

elliott common flat correction up 129.90 one move lower to 128.31 or 127.53 is anticipated while below 129.37 -129.77 area stop loss above 130.44
support and resistances
res2 130.44
res1 129.77
piovt 128.98
sup1 128.31
sup2 127.52

the pair will go to down way to the down trend line
i see the pair will go to down way to 128.94
rsi refers that the pair will go down
so our target sell from 129.94 and our target will 100pips

Good luck

Hi,
My preferance (for the next week) for Eur/jpy is to sell from 129.00 and to stop loss at 131.00,
first take profit is at 127.50 and second at 125.50 (third is optional at 124.00).

:)

Hi,,:):)




in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 126.04
I expect from this analyze that the price will go to down way
so sell from 129.12 to 126.04
good luck

My analysist for eurjpy today,01 july 2013 using open market price strategy
buy stop 129.33 tp 129.53 sl 128.73
sell stop 128.93 tp 128.73 sl 129.53

happy enjoy trading...

Eur/jpy analysis for 07.01.2013 by using pivot indicator.

r3: 131.127
r2: 130.378
r1: 129.673

pivot: 128.924

s1: 128.219
s2: 127.470
s3: 126.765

time frame- H1
the price is at the resistance side. it is rejected from the strong resistance at 129.65 but pivot point try to hold it at the 128.91 the price is also making some doji pattern so down movement is expected. we can short with the breaking pivot point at 128.91 with the take profit at 128.20
good luck

Quote:

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Originally Posted by saiansh23

With a break above 128.40 It is confirmed that wave b is completed and we are on our way towards wave C which
should probably rise towards 130.40 area befoer a downside pressure builts for the pair and therefore
we need a break below 127.00 which will confimed that Wave c is done and we are on our way towards test
the important support 124.96 and with a break there we should allow the decline to go towards 118.70 which would
be 38.2% of the rise from 94.10 low And we should allow and give time for the break Howerver a break above 131.40 is
not allowed for any bearish picture So watch the price As dont rush into any countertrend moves till the
confirmation of bull price is seen.
Regards
Check the chart


http://i1292.photobucket.com/albums/...psfbfb7c7f.png

---

It could act as resistance area so watch now if this is resistance then surely we must braeak below 127.00 to test the lows around 124.96 area
So watch for a break if we manage to break below 124.96 then 118.73 should be here in short time Where Wave 2 might have bottomed of one larger degree And 38.2% of the fibo from the bottom of 94.10 to High

Regards

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 (129.91) R II (130.41) R III (131.16). and to this day support levels as follows: SI (127.93) S II (127.41) S IIII (126.41)
recommendation:
reversal if the price moves below 129.91 then I recommend you to put a sell order