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EUR JPY rose yesterday achieving the first and expected target around 133.10 after succeeding to breach the initial resistance level at 132.65, to continue in the bullish bias and make the main target for the positive trading around 133.80 in the near period. Stochastic breaches 80 level to settle around the overbought level which makes us expect some fluctuation until reaching the previously expected target.
http://charts.mql5.com/2/556/eurjpy-...orex-group.png
the pair broke the resistance level to up way to in 1h chart
stochastic refers to up way
so the pair will go to up way in next period
http://www11.0zz0.com/2013/09/19/12/895773632.png
EURJPY H4
looks like the price is so wide with weekly MA, and if the condition ADX has reached saturation point and the RSI is already in the OB zone, then chances are the price will now attempt to go down.
EURJPY Technical Analysis for 19/09/2013
EURJPY : BUY
BID PRICE 134.12
EXPONENTIAL MA 20 133.38 BUY
EXPONENTIAL MA 50 132.77 BUY
EXPONENTIAL MA 100 132.40 BUY
PARABOLIC SAR 0.02/0.2 132.16 BUY
RSI 14 76.47 BUY
MACD 12,26,9 0.316 BUY
Support : 132.32
Pivot : 133.27
Resistance : 134.22
Trend : Bullish
If EUR/JPY continues its advance into higher levels, it may encounter resistance at 117.80 (May 31 high), 118.50 (April 26 low) and 119.20 (May 3 low).I try just one position at 115.00, it looks like prices will fall at that point.if this pair break 115.77 maybe we will see 116.17
and if break 115.12 then maybe we will see 114.73 and 114.43
Eur/jpy analysis :
date : 09.19.13
time : 17:00 GMT
time frame : 15 min
current rate : 134.37
high : 134.97
low : 132.31
net change : 1.51%
overall trend : slightly bearish.
Trading Signal - 19/9/2013 - 14:00 GMT+3
Instrument: EUR/JPY
60min CHART
Upwards Strong
Waiting for a retracement lower towards the 133.50 support level, in order to reinstate LONG positions.
http://dl.dropbox.com/u/51561036/scr...920-010924.jpg
Eur/jpy analysis for 09.20.2013 by using pivot indicator.
r3: 138.16
r2: 136.54
r1: 135.55
pivot: 133.93
s1: 132.94
s2: 131.32
s3: 130.33
Eur/jpy analysis :
date : 09.20.13
time : 02:45 GMT
time frame : 15 min
current rate : 134.41
high : 134.76
low : 134.37
net change : -0.10%
overall trend : slightly bearish.
my analysis this pair will make reversal after strong buy yesterday. shadow size > 20 pip at the end of buy movement + big sell candle,gave sell / reverse signal .i still hold my floating sell position ,until i saw another bullish pattern
http://www.hostimg.org/thumbnails/4c...d809024dec.png
Spoiler: