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time frame- H1
the price is moving in the channel chart pattern. it has a resistance at the 130.10 and the support at the 129.60 level. we can trade in the breakout direction. if this is break the support we can short with the take profit at 128.90 and stop lloss at the 130.50
good luck
From 05:08 09-Jul-2013 GMT
Till 09:08 09-Jul-2013 GMT
Sell
Sell at 130.22
Take profit* at 129.72
Stop loss at 130.52
this eur/jpy pair from H4 time frame seems has no power to break the resistance at 130.50
it would be fall in a few hours
current price : 130.35
first take profit at : 129.70
stop loss at : 130.85
good luck...
From 10:18 09-Jul-2013 GMT
Till 14:18 09-Jul-2013 GMT
Buy
Buy at 130.18
Take profit* at 130.58
Stop loss at 129.88
EUR / JPY now may well win back the northern scenario, the pair came close to the angled line support (130.00 figure is the point of contact is an important psychological level) + northerly trend is still in force, and I expect them to rebound toward him, I think one more time to test 130.50 must.
As you see in my following chart, the pair traded between a high of 130.17 and a low of 129.37, closed at 129.91. Today the pair trades below the resistance line of 131.10.
Downside Scenario: EURJPY could decline to the levels of 129.20 then 128.30, if the resistance line of 131.10 holds.
Upside Scenario: Upside penetration of the resistance line of 131.10 could send the pair to the levels of 132.00 then 133.00.
EUR / JPY has just demonstrated a very strong fall, the pair broke through the sliding alligator and then a zone of lower fractals 129.58, while the pair found itself in the long sloping support level, Stochastic and RSI in the lower zones, waiting for the start of corrective growth in the area of 129.58.
http://charts.mql5.com/1/996/eurjpy-...orex-group.png
we can see in the 1d chart the pair will go down to fibo 38.2 I see the pair will go to down way to 127.39
rsi refers that the pair will go down so our target sell from 129.13 and our target will 181pips
Good luck
today i like to sell this pair @ 129.77
my stop loss of the day @ 130.10
half take profit for today @ 129.46
and further half take profit @ 129.14
Hi,
My preferance for tommorow for Eur/Jpy is to sell from 128.80 and to stop loss at 129.80,
first take profit is at 128.30 and second at 127.80.
Good luck in trading ;)
:happy::happy::happy: