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At present, a pair trading in the short-term uptrend support level at 131.11, consolidates below certainly failed, but nevertheless believe that the current growth of the pair Maxim limited at 1.3223. Sale is a pair of 132.03 with a stop at 132.20 is the optimal level while the entrance to the market, the breakdown of 132.23 the pair continue up to 132,98
elliott impulse wave up 132.74 current rise should end around 132.26 objectives of this down move are 131.39 or 130.88 arise above 132.61 is again bullish
support and resistances
res2 132.61
res1 132.26
piovt 131.75
sup1 131.39
sup2 130.88
today i like to sell this pair @ 131.93
my stop loss of the day @ 132.27
half take profit for today @ 131.60
and further half take profit @ 131.24
my point of view EJ now uptrend, target 133.xx. my opinion is use SL to protect your account. best of luck
As you see in my following attached chart, the pair traded between a high of 132.06 and a low of 131.19, closed at 131.87. Today the pair trades below the resistance line of 132.70.
Downside Scenario: EURJPY could decline to the levels of 130.50 then 129.40, if the resistance line of 132.70 holds.
Upside Scenario: Upside penetration of the resistance line of 132.70 could send the pair to the levels of 133.60 then 134.55.
http://3.bp.blogspot.com/-XRGxTleGUL...600/eurjpy.jpg
Eur/jpy pivot levels for 22.07.2013 by using fibonacci pivot indicator.
resistant 1:133.00
resistant 2:132.59
resistant 3:132.33
pivot point :131.92
support 1:131.51
support 2:131.25
support 3:130.84
time frame- h1
the moving average is giving us short signal and the price is also break the support at the 131.38. the price is making a pull back with hitting the resistance at the 131.80. the price will falling to the support at 130.85 level. we can short with the stop loss at 131.70
good luck
http://charts.mql5.com/2/92/eurjpy-h...orex-group.png
we can see in the 4h chart
the pair will go down to fibo 38.2
I see the pair will go to down way to 130.01
stochastic refers that the pair will go down
so our target sell from 131.27 and our target will 126pips
Good luck
eur/jpy market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 19.21
+di : 13.03
-di : 24.77
adx(14) levels
adx : 29.51
+di : 10.11
-di : 23.14
time : 1900
date : 22.07.2013
timeframe : 1 hour
The pair finally consolidated below the moving alligator Stochastic on the daily chart and the RSI formed a southern signals as to further reduce the area of a couple holding back bottom 5 fractals 131.13 a breakthrough which will sell signal and open the way to 130.00 (district-level and long-term slope zones of lower fractals) .