Eur/Jpy

Trading analysis for 22nd April, 2014. In Daily chart EURJPY shows flat. At present the price is on the pivot point.

Pivot: 141.574

Resistance levels

R1 141.748
R2 141.983
R3 142.157
R4 142.331

Support levels

S1 141.339
S2 141.165
S3 140.930
S4 140.695
Attachment 10735

Waiting is the best choice mate and I got small loss because of buying this pair after break out, but in the fact, EURJPY fall again and we can see a pin bar candle on daily time frame So, because of the pin bar candle on daily time frame which we can also see that's also a rejection from 141.70 resistance, basically this pair has an opportunity to fall and reach 141.00 support. But if EURJPY can rise and break the yesterday's high level, it can changes and this pair will continue going up to the higher resistance level at 142.37.

EUR/JPY moved slightly higher to hit once again the resistance barrier of 141.75 (R1). A clear break above that hurdle may challenge the next resistance at 142.50 (R2). The rate remains supported by both the moving averages, while both our momentum studies follow upward paths, thus I would consider the bias mildly to the upside. In the bigger picture, the pair is not in a clear trending mode and this is confirmed by the neutral readings of both the daily MACD and the daily RSI.
Support: 141.00 (S1), 140.20 (S2), 139.15 (S3)
Resistance: 141.75 (R1), 142.50 (R2), 143.40 (R3).


http://www10.0zz0.com/2014/04/22/07/616788050.png

---------- Post added at 08:15 AM ---------- Previous post was at 08:14 AM ----------

EUR/JPY moved slightly higher to hit once again the resistance barrier of 141.75 (R1). A clear break above that hurdle may challenge the next resistance at 142.50 (R2). The rate remains supported by both the moving averages, while both our momentum studies follow upward paths, thus I would consider the bias mildly to the upside. In the bigger picture, the pair is not in a clear trending mode and this is confirmed by the neutral readings of both the daily MACD and the daily RSI.
Support: 141.00 (S1), 140.20 (S2), 139.15 (S3)
Resistance: 141.75 (R1), 142.50 (R2), 143.40 (R3).


http://www10.0zz0.com/2014/04/22/07/616788050.png

eurjpy combine only skiped from its backing 114..

i think now is the right time for this pair to go up..it might be purchased from here work 117..

thsi pair is not indicating a lot of move..but for the present its indicators are recommending for this much just

Quote:

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Originally Posted by anubhavsingh

i think now its time for this pair to go up..it can be bought from here till 117..

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Daily analysis for EURJPY 22-04-2014
EURJPY Our preferred outlook is for a drift down to 141.36 or below 141.17. Resistances are at 141.54 and 141.59. A rise above 141.77 would delay but not abort this expected fall.

Key Point 141.67
Entry Point 141.66
Trendline 1 141.68
Trendline 2 141.70

Support 1 141.35
Support 2 141.16
Resistance 1 141.78
Resistance 2 142.02

Daily analysis for EURJPY
eurjpy impulse wave up 142.35, No Pivot Points have been reached.

Elliott 141.22
Closing 141.66
Ex-Low 141.22
Ex-High 141.77

Support 1 141.32
Support 2 140.99
Resistance 1 141.88
Resistance 2 142.11

EURJPY is moving around the resistance level at 141.70 now. Then, if EURJPY can rise and break this resistance, EURJPY will goes up to the next resistance level at around 142.37. But if EURJPY can be rejected by this resistance, I think EURJPY will fall and reverses to the support level at 141.00.

Daily analysis for EURJPY 23-04-2014
EURJPY should be subject to more sell off towards 141.32 or 140.99. Corrective upward swings should face resistance around 141.98 area. A break of 142.11 is bullish.

Key Point 141.82
Entry Point 141.52
Trendline 1 141.77
Trendline 2 141.72

Support 1 141.31
Support 2 140.98
Resistance 1 141.82
Resistance 2 142.12
:yahoo:

Trading Signal - 24/04/2014 - 10:00 GMT +3
Instrument: EURJPY
60min CHART
The market is in a Range. We remain neutral waiting for a break in either direction.
A Medium probability, entry signal to go LONG was given at 141.60 after the market completed a bullish trend
reversal pattern. Only the downward break of 140.50 would cancel the bullish scenario.
Support & Resistances
142.00 141.19

http://dl.dropbox.com/u/51561036/scr...424-222417.jpg

Price is at crucial support and I would expect it to hold to break below 140.98 and test 139.35 and below it would be no stopping but we should remain below 142.18 for that bearish call.

check the chart!

http://i1292.photobucket.com/albums/...psaa1d15d7.png