Printable View
EURJPY At this moment this pair is trading at 100. 95/97 (-0.11%), looking at Average Exponential Indicator (ADX) we have a Neutral trend direction. If we look at Commodity Channel Index (CCI) it is at -88.082, giving us the advice that we should look for a Sell Situation. This in conjunction with the the Moving Average Convergence Divergence (MACD) at -0.0028, telling us that we should be in a Neutral trend. This data help us to make a decision on the direction of price for this pair.
Already a couple of seemingly managed to not only break through entrenched and well above the resistance level of 100.80 as a couple again went below that level, I am now focused on selling, not yet want to wait until the price will be able to break through the 200 moving, and then we can sell.
The pair remains on a upside momentum and its current rebound from 95.64 is said to continue till 103.27 and 104.59 extended. Though, a break of 98.50 could put the pair in neutral zone. Other than that, further rise in expected.
Today pair is trading almost without change, the H4 time frame clearly visible in the uplink which is now in EUR / JPY, the course is slowly coming to the lower boundary of the channel from it I think will be a retreat to the north.
EUR / JPY finds it difficult to continue the upward trend for the possible return of the fall as long as the Fibonacci trading under 50
http://hh7.an3m1.com/Sep/an3m1.com_bc036e616b1.png
i think that we should buy EYRJPY as we have a moving uptrend and a support level @23.6% on the H4 chart so i think that EURJPY will move upward our tp1 will be @0%
The pair is trading slightly higher on the north, the rate is above the Ichimoku cloud and the trend remains the north, also on the H4 chart much of the 100.50 support line which is actively buying, I have a goal near the north-level 102.10.
EURJPY At this precise moment this pair is around 101. 01/04 (0.35%). looking at the indicator Moving Average Convergence Divergence (MACD) we can see it is at -0.0554 indicating that we should be in a Buy situation. Also the Exponential Moving Average period 20 is moving at 100.9222, indicating that we are in a Buy trend. For now today extreme levels are: High 101.26 Low 100.38. Today main pivot point is 100.95.
EUR / JPY closed the week bullish candle closed above the 38 Fibonacci levels I expect this to see more of the Ascension
http://hh7.an3m1.com/Sep/an3m1.com_50c65f20271.png
the pair is testing now the resistance level 61.8% , so i think if it can break it , it will continue upward till reach the down trend and make retest , else it will reverse and continue down till reach the bullish trend and there we can buy with small stop lose below this trend ,
Attachment 1763