Eur/Jpy

Eur/jpy pivot levels for 23.07.2013 by using fibonacci pivot indicator.

resistant 1:132.71
resistant 2:132.28
resistant 3:132.02

pivot point :131.60

support 1:131.18
support 2:130.91
support 3:130.49

The pair is trading sideways under pressure. The channel is replaced. Value below the regression line.
Pair of sliding EMA with a period of 50 and 100.
MACD is in the negative zone, but slightly above its signal line, continues to rise very slowly, and thus sends a signal to buy.
Stochastic is overbought, and provides a similar signal.
RSI is neutral.

http://charts.mql5.com/2/96/eurjpy-h...rectdealer.png

Pattern expected at Break / reversal. On July 23. In a pair EURJPY, in recent days there was a serious seller, but it was lowering the price level was fixed at 130.75 vyshee, yesterday sold despite the rise in volatility, in the last two days of TD Support 130.75, 132.23 resistance, volatility in the last 7 days, 2.19, 131.64 frame, everything seems to be that there was drinking here, but while I wait, it will break-down. Justification of the forecast - high volatility and the current price is below the benchmark.

time frame- H1
the price is moving in the dwon trend direction. it has a good resistance at the 131.45 level that may be not break and the price will move again down. side. this will try to move at the support level 130.96 and lower. short this pair with the take profit and stop loss at the 131.50
good luck

As you see in my following attached chart, the pair traded between a high of 132.22 and a low of 131.12, closed at 131.39. Today the pair trades below the resistance line of 132.70.
Downside Scenario: EUR JPY 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://4.bp.blogspot.com/-2Zii5jn88z...600/eurjpy.jpg

today i like to buy this pair @ 131.00
my stop loss of the day @ 130.66
half take profit for today @ 131.40
and further half take profit @ 131.76

eur/jpy market analysis by using : average directional movement index wilder(14) & average directional movement index(14)

adx wilder(14) level

style : 26.00
+di : 22.50
-di : 16.39

adx(14) levels

adx : 30.98
+di : 18.74
-di : 9.93

time : 1500
date : 23.07.2013
timeframe : 1 hour

http://charts.mql5.com/2/100/eurjpy-...ex-group-5.png


how are you

we can see in the 4h chart
the pair can close up the up trend line
i see the pair will go to up way to 132.73
stochastic refers that the pair will go up
so our target buy from 131.73 and our target will 100pips

Good luck

we can see in the 4h chart
the pair trading down the 38.2
I see the pair will go to down way to 130.60
stochastic refers that the pair will go down
so our target sell from 131.74 and our target will 112pips


http://charts.mql5.com/2/101/eurjpy-...orex-group.png

Further rise could still be seen in EUR/JPY with 130.30 minor support intact. However, note again that such rebound from 124.95 is viewed as the second leg of the consolidation pattern from 133.80. Hence, we'd be cautious on reversal below 133.80 as consolidation from there might extend with another falling leg. Below 130.30 minor support will flip bias back to the downside for 128.01 support first.