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The eur/jpy resistance near 142.50 yen, after falling sharply, to 141 support and resistance at 141.80. The relative strength index (RSI) hit 70 level and to decrease, while MACD despite the bullish area, also fell to a signal line below, confirmed that the currency of kinetic energy decreased.
On the daily charts, you can see the shooting star style, increases the possibility of further lower. If the euro / yen clearly below 141, then fell to 140.20.
EURJPY is having difficulties with breaking the trendline. If it continues to rise touching the 50% Fib can provoke further rallying of the pair. (114,6)
Support is at 113,8, last low.
I advise to wait for a momentum.
The relative strength index (RSI) hit 70 level and to decrease, while MACD despite the bullish area, also fell to a signal line below, confirmed that the currency of kinetic energy decreased.
On the daily charts, you can see the shooting star style, increases the possibility of further lower. If the euro / yen clearly below 141, then fell to 140.20.
bhot acha pair ha mana kafi bar is pari pa trader kar profit hasil keya ha .
good luck
analysis for today 5 / 2 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 141.87
Retracement (50%) 141.84
retracement (61,8%) 141.80
Extensions (61.8%) 142.20
Extensions (100.0%) 142.33
Extensions (138.2%) 142.46
Extensions (161.8%) 142.53
calculation based on a Fibonacci retracement then today I choose buy
Daily technical analysis for EURJPY 02-05-2014
EURJPY is still intact in a triangle configuration. It should continue to rally to 141.98 or 142.06 if support around 141.87 hold. After which a pullback to 141.87 - 141.79 zone is possible.
Key Point 141.92
Entry Point 141.85
Trendline 1 141.89
Trendline 2 141.87
Support 1 141.72 Support 2 141.53
Resistance 1 142.06 Resistance 2 142.21
:)))
Trading Signal - 02/05/2014 - 10:00 GMT +3
Instrument: EURJPY
60min CHART
Upwards Weak
Waiting for the upward break of 142.20 resistance level, which will complete a bullish trend reversal pattern to go
LONG. Only the downward break of 141.40 would cancel the bullish scenario.
Support & Resistances
141.40 142.20
141.00 142.60
139.70 143.00
http://dl.dropbox.com/u/51561036/scr...502-223242.jpg
Daily analysis for EURJPY
eurjpy flat correction down 141.21, lower, new daily low close to first daily support 141.72
Elliott 142.47
Closing 141.92
Ex-Low 141.67
Ex-High 142.01
Support 1 141.73
Support 2 141.54
Resistance 1 142.07
Resistance 2 142.22
Weekly technical analysis for EURJPY
EURJPY upmove should be ended around 142.14 - 142.52. Any correction consolidation should find support in 141.40 - 141.04 zone.
Key Point 141.87
Entry Point 141.43
Trendline 1 141.63
Trendline 2 141.63
Support 1 141.04 Support 2 140.28
Resistance 1 142.52 Resistance 2 143.24
:)))
Weekly analysis for EURJPY
EURJPY irregular flat correction up 142.82, No Pivot Points have been reached.
Elliott 140.99
Closing 141.80
Ex-Low 140.99
Ex-High 142.47
Support 1 141.05
Support 2 140.29
Resistance 1 142.53
Resistance 2 143.25