Eur/Jpy

Today the Bulls showed their horns, and the couple spent a few mini-levels went to the top ... I think after such an increase is needed at least a small pullback, so that if the motion on the top will have an effect in the future, the couple must endure a rough retracement level 99.60 .. ..

EUR / JPY pair rose strongly as I expected him in the last response to me because of his inability to shutdown under 23 on the frame Fibonacci four hours than it gives strong signals for the rise and this is what happened today

http://www10.0zz0.com/2012/06/29/11/243674901.png

Standard pivots
EURJPY
R3 104.225
R2 103.161
R1 102.097
PIVOT 100.319
S1 99.255
S2 97.477
S3 96.413

from 88.96 (00 low) has completed at 169.96 and made a long term top there. Based on the five wave structure of the rise from 88.96 to 169.96, we're favoring that fall from 169.96 is corrective in nature. Reversal should be around the corner considering bullish convergence condition in monthly MACD.

Has decreased since the opening day, trying to approach the daily pivot EURJPY (100.31). If successful close under the pivot, it is likely the pair will continue down to the 99.24 level. But if it fails, it will likely bounce back up to the 102.09 level.

The pair is trading now between the two levels, I'm still waiting for the breakthrough of one of the levels at 101.30 breaking the resistance of the path will open to a further increase to 102.00 and 100.35 in the breakdown of support-to be 98.70.

On the daily time frame, a pair today, strayed from the bottom of the Ichimoku cloud and continues to fall, but this indicator also showed two signals for the purchase so you need to wait for the resumption of the north and the clouds break.

from the daily chart i think that we should wait until EURJPY reach the resistance level @101.7 as we can sell @ this level with tp1 @23.6% as we have a support level @ this level .

The pair continues under pressure bears on the 30 minute chart was noticeably the formation of a converging triangle, the price is now in a dense went to the bottom of its boundary-breaking at the level of 100.36 which will open the way to 99.75.

Well, a couple came to his level and had started to fight back north again, I think if the mark of 99.60 withstand the pressure bears a pair can at least get to the top of 101.30 ...