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The trading range for today is among key support at 99.00 and key resistance now at 103.85.
The general trend over short term basis is to the downside targeting 94.80 as far as areas of 132.50 remain intact.
---------- Post added at 11:13 PM ---------- Previous post was at 11:12 PM ----------
weekly
recommendation
buying the pair above 124.00 targeting 125.25 then 126.30 and stop loss below 123.00 might be appropriate this week
Pivot: 100.5 Our preference: Long positions above 100.5 with targets @ 101.15 & 101.6 in extension.
Alternative scenario: Below 100.5 look for further downside with 100.2 & 99.8 as targets.
http://cache.mail.yandex.net/mail/0d...0126257537.GIF
weekly
the trading range for this week is among key support at 97.35 and key resistance now 103.50
the general trend over short term basis is to the downside targeting 94.80 as far as areas of 132.50 remain intact
EURJPY This pair is at 99. 79/79 (-1.16%) level. If we look at the Average Directional Indicator (ADX) it is telling us that we should be in a Buy situation. In the one hour time frame the Exponential Moving Average period 5 is at 99.7767, giving the indication that we should Sell. And the Exponential Moving Average period 20 is at 100.0548, giving the indication that we should be in a Sell situation.
EUR / JPY for this currency pair on the hourly time frame, noticeable medium-feed, the price went up to the lower boundary of the figure, and while a bit slowed down, it is likely to rebound from this level at which to be an upper bound.
EUR / JPY opened the first trading day fall in a strong break with the Fibonacci levels of 38.2 close today encourages further decline in the coming days
http://hh7.an3m1.com/Sep/an3m1.com_39c62573361.png
Couple on a daily time frame showed a strong sell signal, hang up on the price chart ching green line span (Ichimoku), and the price chart analysis confirmed this candle, I expect the medium to reduce vapors.
support 99.30 97.00
resistance 100.00 102.10
remain neutral for now awaiting more confirmations for the next move
The intraday bias for EUR/JPY is currently neutral. The rebound from 95.64 is still active and could extend even further to 98.53 and more. Meanwhile, the bears are putting immense pressure on the pair limiting the upside and could aim for 95.64. A break of that would put more downward pressure.
EURJPY At this moment this pair is trading at 99. 55/58 (-0.07%), looking at Average Exponential Indicator (ADX) we have a Neutral trend direction. If we look at Commodity Channel Index (CCI) it is at 12.3909, giving us the advice that we should look for a Buy Situation. This in conjunction with the the Moving Average Convergence Divergence (MACD) at -0.0177, telling us that we should be in a Buy trend. This data help us to make a decision on the direction of price for this pair.