Eur/Jpy

Daily pivot Fibonacci points: Resistance levels: R1: 128.98 R2: 129.17 R3: 129.57 Support levels: S1: 128.21 S2: 127.99 S3: 127.70

eur/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 13.08.13


timeframe : 1 hour
time : 0900
market trand : up

adx wilder(14) level

style : 35.00
+di : 31.81
-di : 7.87

adx(14) level

adx : 60.06
+di : 31.20
-di : 3.90

today i like to buy this pair @ 129.56
my stop loss of the day @ 129.40
half take profit for today @ 129.76
and further half take profit @ 129.90

TODAY'S TECHNICAL LEVELS: Resistance 3: 130.00. Resistance 2: 129.65. Resistance 1: 129.30. Support 1: 128.40. Support 2: 128.10. Support 3: 127.90.

While the pair prevents the further growth of the sliding-200 above which the rate can not yet be strengthened, today the rate has shown a strong growth (after which tend to expect the beginning of the southern correction signal to sell due to speak breakthrough 130.00 figure, and that will open the way to support the 129.50-129.00 .

EUR/JPY pair is now up trend. The price already breakout daily resistance 2 level (129.953). I think the price may touch upper trend line.

http://i1311.photobucket.com/albums/...psb5080d65.jpg

As you see in my following attached chart, the pair traded between a high of 128.89 and a low of 127.95, closed at 128.86. Today the pair trades below the resistance line of 130.65.
Downside Scenario: EUR JPY could decline to the levels of 129.00 then 128.10, if the resistance line of 130.65 holds.
Upside Scenario: Upside penetration of the resistance line of 130.65 could send the pair to the levels of 131.50 then 132.30.
http://2.bp.blogspot.com/-1hvsBGIHud...600/eurjpy.jpg

Trading Signal - 13/8/2013 - 08:00 GMT+3
Instrument: EUR/JPY
60min CHART
Upwards Strong
Waiting for a retracement lower towards the 128.80 support level, in order to reinstate LONG positions.
http://dl.dropbox.com/u/51561036/scr...813-222555.jpg

eur/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 13.08.13


timeframe : 1 hour
time : 1700
market trand : up

adx wilder(14) level

style : 44.92
+di : 29.37
-di : 18.63

adx(14) level

adx : 55.91
+di : 24.48
-di : 23.38

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

Open : 128.86
Resistance : 129.77 129.97 130.27
Support : 129.44 129.24 128.94

High / Low : 130.44/ 128.77
Range : 167 pips
Running Price : 129.94

for intraday trade today suggest BUY at the level 129.94, stop loss at the level 128.86, target take profit at the level 130.27
===GOOD LUCK===