Now break daily pivot (100.16), it is likely the pair will rise towards the 100.54 level, with the possibility to continue to the 101.04 level. But if the price back down below the pivot, it will likely come down to a level of 99.66.
Printable View
Now break daily pivot (100.16), it is likely the pair will rise towards the 100.54 level, with the possibility to continue to the 101.04 level. But if the price back down below the pivot, it will likely come down to a level of 99.66.
In EUR / JPY seeing that formed a triangle with a tapering level of support 99.60, the histogram to be in negative territory and continues to fall so I think down the breakdown is quite possible and the purpose of such a breakdown of 98.50 ...
As I expected yesterday, the pair continued to fall (after a rebound from the top of the channel) now she even managed to break the support level of 99.80, and was fixed below it, the goal for me is still around the level of 98.60.
EUR / JPY on the frame of the four hours down the pair and is now outside the cloud Como Span, I expect to see further downward until reaching the Fibonacci levels of 23.6
http://www5.0zz0.com/2012/07/05/12/493390273.png
The pair fell today to the south and has demonstrated a very strong fall (after the news) is now a bit too late to sell, you need to wait a little north of correction and the resumption of the fall and can be sold.
The pair are now falling, practicing the height of the triangle punched, I think the main purpose is the support level of about 98.50 on the way to this level of support there are no significant obstacles.
The pair broke through the tapered formation at 99.80, and fell heavily down to the target until it reached 98.50, did little to stop, so I think the night buut auction go to a small hallway and tomorrow will make a lot of money to fall back a couple ....
Its better to buy this pair for long term. Its in some good uptrend and now price is near to trend line which is a good sign of buying for long term
The pair went back into the thick of the level of support and today's low 98.78, the price continues to fall, the main medium-term trend, southern, Ichimoku signal shows three lines signal the continuation of the southern movement.
The pair continued to work off the southern wave, it's too late to sell and buy is dangerous, you need to wait until closer to the rate of long-term support level of 98.54, and it can be to try to catch the north correction.