Let's analyze in H1 chart. We can see that the price is under the Ichimoku Kumo Cloud, this indicates that the price is on down trend. Therefore, I think it will continue to be down now.
http://s10.postimage.org/p3wbmxl8p/image.jpg
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Let's analyze in H1 chart. We can see that the price is under the Ichimoku Kumo Cloud, this indicates that the price is on down trend. Therefore, I think it will continue to be down now.
http://s10.postimage.org/p3wbmxl8p/image.jpg
We can see that in H4 chart, the price is below the Ichimoku Kumo Cloud and EMA 200, these indicate that the price is on down trend. Therefore, in my opinion, the price will return to the Kumo cloud and then it will continue to be down.
http://s10.postimage.org/9z4t309ix/image.jpg
Below the dayly data of support and ressistance:
pivot point: 103.94
r1: 104.35
r2: 104.85
r3:105.26
s1:103.44
s2:103.03
s3:102.53
In asian market the pair was down to support 1 dayly level then it was going up until now. If we seeing ma 96 in the picture (yellow) being down that indicates pair in down in medium tend as well as ma 480 is going down.
In mreinstein stochastic indicator , stochastic tf h4 look in oversold area so the price can predict up to weekly support 1 level at 103.73 then going up again in 103.94.If the down trend continue, the price can down to monthly support 1 level (103.17). I predict the price going up then retrace down to 103.30.
The trading range for today is among the major support at 101.35 and the major resistance at 105.00.
The short-term trend is to the downside as far as 123.30 remains intact, targeting 94.80.
http://i50.tinypic.com/121e4gw.gif
Recommendation : Based on the chart and explanations above, our opinion is selling the pair around 103.85, targeting 102.55 and 101.35 and stop loss above 105.00 might be appropriate
i think that we should sell EURJPY as we have a moving up trend on the daily chart so i predict that EURJPY will move down ward our tp1 will be @38.2% as we have a support level @ this level.
After retrace up from weekly support 2 level at 102.99 the price up strong until dayly pivot area. If up trend continuing the price can be touch dayly ressistance 1 level at 103.68 then in to strongly ressistance at 104.39.
For technical analysis today :
ma 16 as short term trend indicator= up
ma 96 as medium term trend indicator= down
ma 480 as long term trend indicator = down
So the trend is down weak.
Signal of mreinstein oscilator tf h1 at overbought area indicates the price can be down for several candle in future. Waiting for sell position if price touch 103.68.
The trend may doen again if there isn't good news in european.
Let's have a look at H1 chart of the pair. There is a Divergence on MACD. Moreover the Ichimoku Kumo Cloud is flat, this will attract the price. Therefore, I think the price will go up today.
http://s17.postimage.org/kzwevjwcf/image.jpg
The trading range for today is among the major support at 101.35 and the major resistance at 105.00.
The short-term trend is to the downside as far as 123.30 remains intact, targeting 94.80.
http://i48.tinypic.com/30as8pz.gif
Recommendation : Based on the chart and explanations above, our opinion is selling the pair around 103.85, targeting 102.55 and 101.35 and stop loss above 105.00 might be appropriate
This pair dosn't up strong enough otherwise yesterday gone up to 103.76 and retraced down from that level until closed market at 103.38. The downward movement is following long term trend (down).It estimated that the price can continue down again to 102.93 as dayly support 1 level.
Below trend analysis today with ma system:
ma 16 as short term trend indicator= down
ma 96 as medium term trend indicator= consolidation
ma 480 as long term trend indicator = down
So the trend is down.
Let's have a look at H4 chart of the pair. We can see the price is below the Ichimoku Kumo Cloud and EMA 200. But the Kumo Cloud is flat. Therefore, i think the price will increase slightly to the kumo cloud and then it will decrease strongly.
http://s15.postimage.org/4nqyjk7e3/image.jpg
Spoiler: