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The pair intraday analysis at H4 using williams percentage range and moving average are showing the pair may continue the bearish trend. Try to find good resistance and then set short order. Today SNR :
R3 : 131.05
R2 : 130.65
R1 : 130.27
Pivot level : 129.84
S1 : 129.48
S2 : 129.00
S3 : 128.70
As you see in my following chart, the pair traded between a high of 130.53 and a low of 128.67, closed at 129.25. Today the pair trades below the resistance line of 128.80.
Downside Scenario: EUR JPY could decline to the levels of 127.40 then 126.50, if the resistance line of 128.80 holds.
Upside Scenario: Upside penetration of the resistance line of 128.80 could send the pair to the levels of 129.90 then 130.80.
http://4.bp.blogspot.com/-BjiWqbufY3...600/eurjpy.jpg
\\\\\EUR / JPY went on a retreat from the northern long-run trend (point rebound 128.16), now is the formation of the new northern waves, as well as stochastics on the hourly and 4-hour chart has formed on the buy signal of Education held a candle northern configuration "bullish engulfing" forward 129.60.\\\\\
http://charts.mql5.com/2/5/eurjpy-m3...orex-group.png
we can see in the m30 chart
the pair can not close down the broken up trend line
I see the pair will go to up way to 129.67
stochastic refers that the pair will go up
so our target buy from 128.67 and our target will 100pips
Good luck
usd/jpy forecast:
we can see in the H4 chart this pair is trying to lend some strength from the resistance at 128.8 to make a hard fall down lower than 127.9
we can set sell entry in this point.
current price : 128.73
stop loss at 129.00
take profit at 128.00
good luck
elliott irregular flat correction down 128.27 resistances lie around 130.49 and 131.12 it should test lower towards 128.58 zone a clear break of 129.73 would be bearish
support and resistances
res2 132.39
res1 1.31.12
piovt 129.85
sup1 128.58
sup2 127.31
how are you
we can see in the 1w chart i see the pair will go to down way to 125.77
rsi refers that the pair will go down
so our target sell from 128.77 and our target will 300pips
http://charts.mql5.com/2/6/eurjpy-w1...orex-group.png
=(
today i like to sell this pair @ 128.88
my stop loss of the day @ 129.22
half take profit for today @ 128.50
and further half take profit @ 128.19
hi;;;
http://charts.mql5.com/2/8/eurjpy-d1...orex-group.png
time frame daily chart
price:129.14
will go down:127.14
pips:200
:respect:
Hi,
My preferance for tommorow for Eur/Jpy is to buy from 129.35 and to stop loss at 128.35,
first take profit is at 129.85 and second at 130.35.
Good luck in trading ;)
:yahoo::yahoo::yahoo: