Eur/Jpy

steam today after a bad went south again, back to the opening price of the day, and came close to the resistance of 95.18, if the course will be able to overcome this level is to be 96.14, but still I'm waiting for a retreat.

some time i trade this pair. i love it because japan can not control USD. so I like to trade EURJPY. Today i sell it for 50 pips and buy for 80 pips. today i took total 130 pips in my pocket. and i love it. now its try to fill up the gap.

EUR / JPY pair opened the first trading day of this week's bearish gap and the pair was unable to close the gap to close after the first day of trading this week doji candle I expect the pair to climb in the coming hours to close the price gap opened by the husband at the beginning of the market

http://www7.0zz0.com/2012/07/24/00/392813564.png

ERJPY now being tested daily pivot (94.82). If the pivot is broken, then chances are this pair will go down to the level of 94.8 to 93.79. But if it fails, this pair may be up to the 95.41 level.

http://i47.tinypic.com/o09u86.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 92.15 and key resistance at 96.25. Based upon my chart analysis, I prefer to selling the pair below 95.25 with targets 93.90 then 92.15 and stoploss with four hour candle closing above 96.25.

just tested the strength of a pair of pierced just above the lower boundary of converging triangle, and then repulsed by it now again resumed its southerly movement, the goal is still - 94.00.

The mighty pair (EUR/JPY ) is easy to be traded in any economic environment in currency comparison. The EUR/JPY exchange rate can also affect the movement of other forex rates such as USD/JPY. For example, if the factors that lead to the appreciation of the Euro (thus driving up the EUR/JPY rate) impact the US Dollar more than the Yen, the USD/JPY rate may decrease.

couple did not respond to two signals or purchase the Ichimoku, and repulsed from the lower boundary of the clouds again began to decline, the trend to the south is still in force and it must follow, I think will further decline.

as we see that we have a bearish direction for this pair in the H4 chart shown , so i think we can start buy near the support level @0% or we can wait and start selling near the bearish trend shown with a small stop lose above it ,


Attachment 3032

i advise to trade only short positions as far as 95.50 is resistance. The breakout of 94 will give a new sell signal and will open the way for new historics lows.

In case of return above 95.50, traders should wait the breakout of 96 to obtain a buy signal.