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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 (130.89) R II (131.36) R III (131.99). and to this day support levels as follows: SI (129.13) S II (128.68) S IIII (128.02)
recommendation:
place your sell stop at 129.82 target profit at 129.62 (Seller zones)
place your buy stop at 130.22 profit target at 130.42 (buyer zone)
eurjpy now at 8 (+7 gmt)... and one reject zona A we wait one hour again to open trding.... i use 1h..... have a nice treder.... :D :D
Daily pivot Fibonacci points: Resistance levels: R1: 130.52 R2: 130.83 R3: 131.09 Support levels: S1: 129.53 S2: 129.22 S3: 128.75
eur/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 16.08.13
timeframe : 1 hour
time : 0600
market trend : up
adx wilder(14) level
style : 11.90
+di : 25.74
-di : 18.19
adx(14) level
adx : 17.64
+di : 26.42
-di : 13.82
today i like to sell this pair @ 130.27
my stop loss of the day @ 130.57
half take profit for today @ 130.00
and further half take profit @ 129.77
Today Signal- Eur/jpy---16 August, 2013
EURO ended the session on Thursday with losses of 0.10%, versus the yen, pulling back from the session lows of close to 0.5 percent. The pair grazed near term supports at 129.30- 129.50 before bouncing back to close the session near 130.00 yen. Trend bullish with the gains likely to extend to extend to 131.00 followed by 132.00- 132.50; breakout for the symmetrical triangle in an uptrend. Supports are placed at 128.00- 12850. Buy the pair on dips.
TRADING RECOMMENDATIONS
LONG:
Hold on to long positions initiated at 129.50 with a stop at 129.10 for a profit target of 130.80.
EUR/JPY pair pair is now down trend. The price already breakout daily pivot point (129.989). I think the price may touch daily Fibo 0.0 level.
http://i1311.photobucket.com/albums/...psb5578d96.jpg
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
http://www11.0zz0.com/2013/08/16/10/249965329.png
Trading Signal - 16/8/2013 - 08:00 GMT+3
Instrument: EUR/JPY
60min CHART
Upwards Strong
Waiting for a retracement lower towards the 129.50 support level, or alternatively the break of the 130.70 resistance level, in order to reinstate LONG positions.
http://dl.dropbox.com/u/51561036/scr...816-185238.jpg
If we analyze the daily chart - it will be noticeably formed a converging triangle, the lower boundary of the shape is long-term, and the upper-medium-and the trend of the north, most likely the pair should be expected to develop the script and just north break of the top border of the triangle - which would open 132.50 .