Eur/Jpy

today i like to buy this pair @ 130.33
my stop loss of the day @ 130.00
half take profit for today @ 130.67
and further half take profit @ 130.90

I dont use EUR/JPY . I always EUR/USD/ I think this trading pair is best .

Eur/jpy analysis for 08.06.2013 by using pivot indicator.

r3: 132.61
r2: 132.07
r1: 131.19

pivot: 130.65

s1: 129.77
s2: 129.23
s3: 128.35

elliott flat correction down 129.82 it may attempt a test higher to 131.66 - 132.44 after which weakneass may set a drift down to 129.79 limit
support and rsisstances
res2 133.53
res1 132.44
piovt 130.89
sup1 129.79
sup2 128.24

My daily trading,I hope the day is a success ...
EUR/JPY (Daily Trade)

Open : 130.28
Resistance : 130.77 130.97 131.27
Support : 129.70 129.50 129.20


High / Low : 130.70/ 129.77
Range : 93 pips
Running Price : 130.44

for intraday trade today suggest BUY at the level 130.44, stop loss at the level 129.70, target take profit at the level 130.97 or TP 131.27
===GOOD LUCK===

The following data is predicted based on indicators that we use for the currency pair EURJPY today, for today's resistance levels as follows: RI (131.50) R II (132.12) R III (132.64). and to this day support levels as follows: SI (129.57) S II (129.20) S IIII (128.31)
recommendation:
place your sell stop at 130.46 target profit at 130.26. (Seller zones)
place your buy stop at 130.86 profit target at 131.16 (buyer zone)

Eur/jpy technical analysis

date : 08.06.2013
time : 11:00 GMT
time frame : 15 min

indicator :

1) RSI (14)
value: 40.09

2) MACD (26,12,9)
value: -0.0031

3) ADX (14)
value: 18.18

4)CCI(14)
value: -101.81

overall trend - slightly bearish.

today i like to buy this pair @ 130.00
my stop loss of the day @ 129.77
half take profit for today @ 130.25
and further half take profit @ 130.46

I don't like this trading pair. I like only EUR/USD for trading. I always use this pair for trading.

As you see in my following attached chart, the pair traded between a high of 131.54 and a low of 130.12, closed at 130.31. Today the pair trades below the resistance line of 131.20.
Downside Scenario: EURJPY could decline to the levels of 129.40 then 128.60, if the resistance line of 131.20 holds.
Upside Scenario: Upside penetration of the resistance line of 131.20 could send the pair to the levels of 132.30 then 133.30.
http://2.bp.blogspot.com/-_ztVbFhlcY...600/eurjpy.jpg