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A buy signal still holding strong. I am trading to make profit in this one. I am long on it and hope to exit the trade at 143.10. The japanese yen has been very defensive trying to force the hawkish Euro down to no avail. if this continue, a strong break to the upside will ensue.
With EUR / JPY today tested the level of support in the price 140.80, but not fixed and started to increase the resistance level at 141.40 and costs, and on H1 chart Stochastic indicator signals to reduce and therefore it is possible that the couple begins to fall back to the level of support and price 140.80 below.
The euro / jpy to continue in 141 (S1) support and 142 (R1) of the resistance between consolidation. The price to obtain the ideal support at the 200 period moving averages, if you break up resistance 142, may further to the next resistance 143.20 (R2). On the other hand, if below 200 period moving average and 141 (S1) support, it may fall to 139.15 (S2) gateway. RSI and MACD are close to neutral, confirmed the lack of trend.
Support: 141 (S1), 139.15 (S2), 137.55 (S3).
Resistance: 142 (R1), 143.20 (R2), 143.80 (R3).
Trade forex pivot point calculations based on today's.
Pair = EURJPY
Date = Wednesday, March.26.2014
Pivot point Result
Resistance 3 = 142.69
Resistance 2 = 142.14
Resistance 1 = 141.79
Pivot point = 141.24
Support 1 = 140.89
Support 2 = 140.34
Support 3 = 139.99
Market price prediction
if buy at = 140.69
take profit = 142.34
stop loss = 140.14
is sell at = 141.59
take profit = 140.54
stop loss = 141.94
analysis for today 3 / 26 / 2014
EUR/JPY
Resistance 3 142,58
Resistance 2 142,28
Resistance 1 142,08
Pivot Point 141,35
Support 1 140,67
Support 2 140,47
Support 3 140,17
BUY STOP 142,08 STOP LOSS 140,67 TAKE PROFIT 142,28
SELL STOP 140,67 STOP LOSS 142,08 TAKE PROFIT 140,47
pair- eur/jpy
chart analysis time frame- m30
http://i60.tinypic.com/29w0pjq.jpg
the price is moving in the symmetrical triangle chart pattern with having the resistance at 141.40 and the support 141.00 level. the moving average 50 is providing resistance at 141.27 level so down side breakout can see. short with the take profit at 140.70 and stop loss 141.70
good luck.
analysis for today 3 / 27 / 2014
EUR/JPY
Resistance : R1 141.00 R2 141.25 R3 141.45 R4 141.75
Support : S1 139.98 S2 139.73 S3 139.53 S4 139.23
Open : 140.59
High : 140.73
Low : 140.25
Range : 48 Pips
Running Price : 140.45
Strategy : SELL at the level 140.45 stop loss at the level 141.00 target take profit at the level 139.53 or at the level 139.23
EURJPY moved in a bearish movement since the last US session and if we look on the chart, EURJPY has also broken the support level at 140.52. So, because of that breaking, I think EURJPY has a potential to fall today and this pair may reaches the next support level at around 139.76.
Camarilla Pivot Point
Pair : EUR/JPY
Date : Thursday,March 27,2014
Time Frame : Daily
Resistance 4 = 141.25
Resistance 3 = 140.97
Resistance 2 = 140.88
Resistance 1 = 140.79
Support 1 = 140.61
Support 2 = 140.51
Support 3 = 140.42
Support 4 = 140.15
Time Frame : Daily
Pivot Point Result today
Pair : EUR/JPY
Date : Thursday,March 27,2014
Support 3 = 138.89
Support 2 = 139.89
Support 1 = 140.29
Pivot Point = 140.89
Resistance 1 = 141.30
Resistance 2 = 141.90
Resistance 3 = 142.90
Time Frame = Daily