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hi
we can see in the 4h chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 129.81
stochastic refers that the pair will go up
so our target buy from 128.55 and our target will 125pips
http://charts.mql5.com/2/252/eurjpy-...orex-group.png
time frame- M30
the price is having the down trend signal with the parabolic sar and the macd indicator but it is not able to break the support at 128.50 level. if the price is break this support then it will be falling and try to move at the lower support 127.90 level. short with the stop loss at 128.90
good luck
eur/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 12.08.13
timeframe : 1 hour
time : 1500
market trand : down
adx wilder(14) level
style : 18.80
+di : 14.95
-di : 18.19
adx(14) level
adx : 20.26
+di : 9.10
-di : 13.05
The pair had just broken through the lower boundary of the triangle-convergent support for 128.44, a breakthrough took place towards the main trend seems to bear again intensified, I think will be the first stop in the area-week low of 128.00 figure (breakthrough which may be a signal for another sale).
The pair is still under heavy selling pressure, which concentrated their forces in the slide-alligator from them and took southern end call a few hours ago, now the pair is sent back to the 128.00 support level (lower fractal) - the breakdown of this mark is to open a good potential for reduction of up to 126.60.
EUR \ JPY continues to trade in a downtrend below 144 and 233MA. And therefore only work with the sales. If the price is adjusted to 55mA + 50% Fibonacci pair sell on rebound. After crossing the 5 and 20 mA, and the price is fixed below the 23% Fibonacci pair sell. Tsedi sales for at least today.that the pair will rise to the level of resistance in the price of 128.77 and possibly above this level
this time we look at the weekly chart to understand why we must be careful before making a short entry on this pair. The daily time frame is definitely bearish (below the EMA21 and below 129 intermediate resistance) but selling now means taking the risk to see the price rebounding, as happened today, in the static and dynamic weekly support 128. As a matter of fact, the weekly chart is actually bullish, exactly in line with the moving average, so we still could see a reaction of Eur-Yen up to the target level 133.
On the contrary a confirmation below 128, and expecially a down break of 126 support level, could involve a change in the medium-term trend with the possibility for a return to the level 120. This latter scenario however, from a fundamental point of view, would be against the so called "Abenomics" the Shinzo Abe’s economic policy and the need for a depreciation of the Japanese yen to achieve the increase in inflation ... let’s see what the market will decide!
Yes, sort of continues to move to the south side, and now we can see that touched 128.00 support level and bounced a bit but it is not far away .. in principle at the moment is preparing to buying a medium position, but for all ka wave direction to the southern side of the buy early, you need to wait a stronger consolidation or breakdown resistance 129.40 ..
EUR/JPY analysis by using pivot indicator. (H4)
R3 129.539
R2 129.171
R1 128.943
pivot 128.574
S1 128.206
S2 127.978
S3 127.609
On the h4 chart is holding a pair of like the level of support 128.03 but it is clear that the top-that continue to decline and not sure about the rapid growth ... I think that buying should be no earlier than the price breaks the level of 129.65 ... and now by and large since decided where to go better now prefer not to get into position and wait for the breakdown of important levels ..