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EURJPY fell back this morning, the movement is now seen touching the 129.71 support level and if this level is successfully passed, the pair is still possible to get down to a level of 128.99, but if it fails, the price rise has the potential to return to the pivot level.
EUR/JPY pair is now down trend. The price already breakout daily pivot point (130.810). I think the price may touch daily support 1 level (129.713).
http://i1311.photobucket.com/albums/...ps65598225.jpg
http://www5.0zz0.com/2013/07/29/13/687655636.png
the pair now try to break the support level in 4h chart to down way
I expect if the pair broke this level it will continue to down way
Trying to break through the clear support level 129.77 ended false breakdown (which indicates the weakness of the bears because they have failed to strengthen below this level), and given the strong decline in the last few days and the double divergence of MACD will most likely form the name of the northern wave with access to the 130.50-131.00 .
http://charts.mql5.com/2/144/eurjpy-...ex-group-2.png
we can see in the 1d chart
the pair trading down the 38.2
I see the pair will go to down way to 127.53
stochastic refers that the pair will go down
so our target sell from 129.70 and our target will 217pips
Good luck
today i like to sell this pair @ 129.93
my stop loss of the day @ 130.13
half take profit for today @ 129.66
and further half take profit @ 129.34
http://www14.0zz0.com/2013/07/29/17/465351407.png
we can see in the 1d chart
the pair trading down the 38.2
I see the pair will go to down way to 127.57
stochastic refers that the pair will go down
so our target sell from 129.70 and our target will 214pips
Good luck
http://www5.0zz0.com/2013/07/29/18/750627500.png
hi
we can see in the 4h chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 128.68
macd refers that the pair will go down
so our target sell from 129.68 and our target will 100pips
pair last support 129.65 hold today But short term I am expecting a move towards 130.60 And then final break below 129.67 and then we will see the top nicely placed and movement towards 128.50 will be seen and break there would means the next target 124.93 and good risk reward ratio it is offering if we place the stop around 131.10 area which is just 130 pips away and target should 124.90 which means 480 pips so it is worth a risk but I will wait for a break of 129.67 and will risk 50 more if we manage to close around 129.20 area anytime so it is better to get confirmation but It is still a safe trade
regards
check the chart
http://i1292.photobucket.com/albums/...pse0f1727c.png
Eur/jpy analysis for 07.30.2013 by using pivot indicator.
r3: 131.46
r2: 131.01
r1: 130.45
pivot: 130.00
s1: 129.44
s2: 128.99
s3: 128.43
Spoiler: