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EURJPY moves up this morning supported by the MA lines and MSAR, strengthening the possibility to continue with a target level of 133.67 to 134.17, but if there is movement broke down the pivot, possible opportunities could be heading down to the level of 132.29 to 131.41
I use scalping strategies on this currency pairs Eur/Jpy so I prefer the short time that is the timeframe M15 and M30,
that's position market on 132.96 then also there are some indicators that I use as the Bollinger Bands is TREND DOWN, ADX is TREND DOWN, Stochastic is TREND UP.
Then consider the position if the market trend is moving toward more leads TREND DOWN,
then I strongly encourage you to order SELL at current market at 12:23 and use a stop loss and take profit of 30 pips
is the take profit at 132.66 and stop loss at 133.26
EUR/JPY pair price already touched Fibo 100.0 level and upper trend line. Now the pair price try to move down ward. I think the price may touch daily pivot point (132.790).
http://i1311.photobucket.com/albums/...ps4bb365c9.jpg
Eur/jpy analysis for 09.11.2013 by using pivot indicator.
r3: 135.046
r2: 134.168
r1: 133.669
pivot: 132.791
s1: 132.292
s2: 131.414
s3: 130.915
H1 analysis for 2013.09.11 13:11:46 ,currency EUR/JPY is Bollinger Bands = BREAK HIGH, Elliot Wave = TREND UP, RSI = OVERBOUGHT, CCI = TREND UP, ADX = TREND UP, MACD = TREND DOWN, Parabolic SAR = TREND UP, Stochastic = TREND UP, William Percent = TREND DOWN, Aaron = TREND UP recommendation conclusion of signal TREND UP
After yesterday's strong growth in the North today, the couple decided to relax at the side of the correction on the hourly chart formed a side channel 132.80-133.30, northern trend is still in force only so consider buying and which are open or when testing 132.80, or upon breakthrough 133.30, the main aim annual maximum of 133.80.
Eur/jpy analysis :
date : 09.11.13
time : 11:30 GMT
time frame : 15 min
current rate : 132.98
high : 133.40
low : 132.78
net change : -0.13%
overall trend : slightly bearish.
Hi,,
in the chart 4h we can see the pair will go to down way in the future
I see the pair will go to 131.05
I expect from this analyze that the price will go to down way
so sell from 132.91 to 131.05
good luck
the pair can break the up trend to down way in 1h chart
stochastic refers to down way
moving confirm the down view
so the pair will continue to down way
http://www7.0zz0.com/2013/09/11/11/360714819.png
today i like to buy this pair @ 1.3263
my stop loss of the day @ 1.3243
half take profit for today @ 1.3290
and further half take profit @ 1.3315