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From shown H4 chart , i think if the pair continue breaking fibo 38.2% it will continue in bearish direction till reach the bullish trend shown , and i think the best buy is near the bullish trend with small stop lose few pips below it ,
Attachment 1987
i have a buy based on 5 mins time frame.. as its risky i have taken low risk%
bought at 100.43 first target 100.54 nad second 100.87 SL 100.22
http://optimus-forex-trader.blogspot.in
---------- Post added at 11:37 AM ---------- Previous post was at 11:25 AM ----------
First target reached somewhat quickly.. Now my second position will be a risk free trade to 100.87 level
http://optimus-forex-trader.blogspot.in
EURJPY made it through the daily pivot (100.34), and survive on it. So I think this pair has a chance to move towards the 100.94 level or higher. However, this condition will fail if the price closed below the pivot again.
The course is trading within a side channel that can be well seen on the daily traffic, yesterday there was a rebound from the resistance rate of 101.30 and today went to a small correction of the north, we should expect the resumption of the fall to around 98.65.
Most noticeable is now a general trend, the pair traded without big changes and they have not enough strength to break through the levels, as well eur / jpy, to work out the purchase of the two signals it needs to break through the Ichimoku cloud.
EUR / JPY pair fell in the first trading day of this month, a strong and close under the 38 Fibonacci if sealed closed today below this level, it will increase the likelihood of landing in the coming days
http://www2.0zz0.com/2012/07/03/12/625278850.png
EUR / JPY is noticeable is a clear long-term side-channel, on Monday a couple strayed from the top of the channel, I look forward to the resumption of the southern waves, I think the purpose would be near the lower boundary, the level of 98.65.
eur / jpy pair forward to continuing to fall markedly in the chart that the Bulls did not have the strength to move the price up a couple strayed from the oblique line and continues to fall until the target is near the lower boundary of the Ichimoku cloud - the level of 99.80.
The pair now has shown falling to the South and a few hours strayed from the support level of 99.80, the course has formed a converging triangle, I expect to continue the formation of waves in the north to the upper body (slope) of the boundary of the triangle.
EUR / JPY pair rose and closed the patio emerging small candle closed above the Fibonacci levels of 38 but when he returned from resistance levels for the drop of a new frame on the fact that the candle dimensional hours Hammer possible to pay the price to rise again after touching a cloud Como Span
http://www3.0zz0.com/2012/07/04/17/358155283.png