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Yesterday the pair EUR / JPY dropped and tested the level of support in the price 140.70, but could not break through, and rose to the level of resistance in the price of 141.33, but now Stochastic on the H1 chart indicates the reduction and it is possible that the pair once again begin to decline to the level of price support in 140.70 and below.
Trading Signal - 19/03/2014 - 09:00 GMT +3
Instrument: EURJPY
60min CHART
Upwards Strong
The market is testing support at 140.60. We are waiting to see reversal signals in order to reinstate LONG positions, or alternatively the upward break of the 142.00 resistance level. Next important support the 140.00 level.
Support & Resistances
140.60 142.00
140.00 142.50
139.00 143.00
http://dl.dropbox.com/u/51561036/scr...319-191626.jpg
pair- eur/jpy
chart analysis time frame- m30
the price movement can see in the symmetrical triangle chart pattern. the moving average 50 is supporting at the 141.20 level. so it can expected price will break pattern to the resistance side. we long at the 141.60 with the profit target at 142.00 and stop loss at the 141.00
good luck.
analysis for today 3 / 19 / 2014
EUR/JPY
Resistance 3 142,42
Resistance 2 142,12
Resistance 1 141,92
Pivot Point 141,32
Support 1 140,55
Support 2 140,35
Support 3 140,05
BUY STOP 141,92 STOP LOSS 140,55 TAKE PROFIT 142,12
SELL STOP 140,55 STOP LOSS 141,92 TAKE PROFIT 140,35
Trade forex pivot point calculations based on today's.
Pair = EURJPY
Date = Wednesday, 03.19.2014
Pivot point Result
Resistance 3 = 143.08
Resistance 2 = 142.50
Resistance 1 = 141.89
Pivot point = 141.31
Support 1 = 140.70
Support 2 = 140.12
Support 3 = 139.51
Market price prediction
if buy at = 140.73
take profit = 142.47
stop loss = 140.15
is sell at = 141.92
take profit = 140.09
stop loss = 142.53
Forex Trading Today
Pair = EURJPY
Date = Thursday, 03.20.2014
Fibonacci Pivot point Result
Resistance 3 = 142.36
Resistance 2 = 142.03
Resistance 1 = 141.83
Pivot point = 141.50
Support 1 = 141.17
Support 2 = 140.97
Support 3 = 140.64
Market price prediction basaed on the calculation of fibonacci pivot point
buy entry = 141.30 ,take profit = 142.16 ,stop loss = 141.10
sell entry = 141.70 ,take profit = 140.84 ,stop loss = 141.90
analysis for today 3 / 20 / 2014
EUR/JPY
Resistance : R1 142.05 R2 142.30 R3 142.50 R4 142.80
Support : S1 140.91 S2 140.66 S3 140.46 S4 140.16
Open : 141.52
High : 141.66
Low : 141.30
Range : 36 Pips
Running Price : 141.62
Strategy : BUY at the level 141.62 stop loss at the level 140.91 target take profit at the level 142.50 or at the level 142.80
If we look on H4 time frame, we can see that EURJPY had broken the resistance level at 141.24 and had also broken the trend line successfully. So, I think EURJPY has a bullish potential now and may touches or hits the next resistance level at 142.03 or even higher
pair- eur/jpy
chart analysis time frame- m30
http://i57.tinypic.com/1z5mcfm.jpg
the price is moving along the supporting trend line this is also supported by the moving average 50 at 141.45. the price having the short pressure with parabolic sar. if this change in long signal then open long entry with profit target at 142.00 and stop loss at the 141.00
good luck.
Today, with EUR / JPY tested the resistance level price 141.88 , but it broke and sank, but on H4 chart Stochastic indicator signals on growth and because I believe that the pair will rise to MA 55 price of 142.18.