Eur/Jpy

In my opinion a very bad situation is drawn to the north side ... can be seen that after the leap to the top now but there is a consolidation, and the minimum and maximum slowly rising but still ... so I think that the couple get ready for the next leap to the top and the first target to 130.60 ..

eur/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 15.08.13


timeframe : 1 hour
time : 0300
market trend : up

adx wilder(14) level

style : 15.86
+di : 16.49
-di : 23.97

adx(14) level

adx : 35.58
+di : 9.53
-di : 25.30

http://www13.0zz0.com/2013/08/15/03/846221332.png

the pair can not break the resistance level to up way in 1h chart

stochastic refers to down way

so the pair will continue to down way

today 15/08/2013
as I see is a bullish bias above 129.55 because a support base at 129.55 has formed and has allowed for a temporary stabilization So if I'm right we should buy above 129.55 and I suggest buy @ 130.15 with targets @ 130.85 & 131.15

Today Signal Eur/Jpy- 15 August, 2013

EURO ended the session on Wednesday with losses of 0.15%, versus the yen, completing
a rangebound session. the pair slipped from the previous session close, grazed breakout
levels at 129-50- 129.80 before ending the session above 130.00 yen. trend bullish with
the gains likely to extend to 132.00- 132.50; breakout for the symmetrical triangle in an
uptrend. Supports placed at 128.00- 128.50. Buy the pair on dips.

TRADING RECOMMENDATIONS

LONG:

At 129.50 with a stop at 129.10 for a profit target of 132.00
At 130.80 with a stop at 130.40 for a profit target of 132.00

yesterday EURJPY moving sideways, opening today still looks weak to move. Weekly LSMA condition is still pointing up, but buyers began to weaken, because the prices have started to play weekly LSMA area below. Daily LSMA conditions are still pointing down, but the dominance of sellers began to weaken. because the price is still engaged in cramped conditions. the opportunity to generate profit to be difficult, because it takes high accuracy. if you want to enter the market in the direction of the transaction price is sell. but I suggest to wait situation became clear.

Spoiler:

http://i1345.photobucket.com/albums/...pse6880830.png

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 (130.69) R II (131.04) R III (131.40). and to this day support levels as follows: SI (129.57) S II (129.30) S IIII (128.84)
recommendation:
place your sell stop at 129.97 target profit at 129.77. (Seller zones)
place your buy stop at 130.37 profit target at 130.57 (buyer zone)

I think for EURJPY pair is still bullish trend, my analysis is buy stop at 130.31 and take profit at 130.98 (R1 daily) after that will pull back for some pips and continue to upwards. dont forget to set stop loss 25 pips to prevent many loss if wrong prediction.

TODAY'S TECHNICAL LEVELS: Resistance 3: 130.99. Resistance 2: 130.68. Resistance 1: 130.48. Support 1: 129.86. Support 2: 129.66. Support 3: 129.35.

EURJPY is time to buy 131.00tp easily hit and using SL just 50pips. the piont of selling is 132.50 is a good idea and 127.00 is to but is good for buy..