Eur/Jpy

EUR/JPY intraday: BULLISH Trend, the RSI is properly focused.
Pivot@ 131
My choice: Open BUY positions higher than 131 with targets at 132.35 and 132.85 in extension.
Alternate choice conditions: Underneath 131 check for further down-side with 130.6 & 130 as targets.
http://dl.dropbox.com/u/51561036/scr...724-180814.jpg

EUR/JPY pair price already breakout daily resistance 1 level (132.108) and touched upper trend line. Now the price is down trend. I think the price may touch Fibo 100.0 level.

http://i1311.photobucket.com/albums/...psd97b9cd6.jpg

eurjpy 24/07/2013
eurjpy is up market 131.70 to 132.45
eurjpy day up

We need to stay above 132.49 for a test of 133.81 as long as 131.72 and 130.79 is providing support but you need to be getting out at 133.81 as it is very complexive structure of wave and seems to me it is not impulsive and profits should be booked for those who enter around break of 131.5 area
so remain focus as this correction is about to be at conclusion point and we will soon see a downside momentum but a break below 129.67 will means that the correction ends below the test of highs and we should soon see a test of 124.96 area

regards

Quote:

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Originally Posted by moando

bulls are currently trying to pass a strong resistance 132.65. If the bulls manage to go through and consolidate above this resistance, then, I think, the northern route will continue from the nearest possible target resistance 133.10. If the Bears will lock below this resistance, then it is likely the southern direction:

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Yes, i think that major resistant level is the highest for the month according to my pivot point calculation and so you have to be wary of that resistance. So therefore, i would rather sell from that resistance and make some pips.

eurjpy buy@ 131.70
high@132.50
low@ 130.80

Couple just came close to the upper limit of the long-term side-channel 132.80 132.80-125.00, given the strong and virtually no corrective gains seems to me that most likely will rebound from 132.80, at least for the start of corrective decline in the southern district of 131.00-130.50 can expect.

today i like to sell this pair @ 132.60
my stop loss of the day @ 133.05
half take profit for today @ 132.20
and further half take profit @ 131.80

EUR / JPY continues steady growth in the north, today held a breakthrough strong upper zone of fractals 132.09, 132.30, above which the rate steadily strengthened, it seems the bulls once again set their sights on an annual maximum of 133.76 (upper fractal zone on the daily chart) - on the way to which there are no obstacles.

Action Pair Open price Open time(GMT-6) S/L T/P Lots Close price Close time(GMT-6) Profit
sell EURJPY 129.31 2013-06-28 07:28:22 129.87 127.00 4.00 129.06 2013-06-28 09:45:54
+1000.00