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EURJPY Stoch indicator will go down, but other indicators show up trend will continue. Even down to touch the level of 137.74 EURJPY and if the trend continues his ride then EURJPY is likely to reach the level of 138.77
http://s10.postimg.org/du04kpsg9/bieela_2014_06_13.jpg
pair- eur/jpy
chart analysis time frame- m30
http://i57.tinypic.com/a11swm.jpg
the price the resistance trend line at 138.05 level and moving up and hit the daily resistance level two at the 138.53 level. this is also making a pull up setup from the 138.00. long the pair with take profit at 138.80 and stop loss at 137.60
good luck
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analysis for today 6 / 13 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 138.08
Retracement (50%) 138.01
retracement (61,8%) 137.93
Extensions (61.8%) 138.69
Extensions (100.0%) 138.92
Extensions (138.2%) 139.15
Extensions (161.8%) 139.30
calculation based on a Fibonacci retracement then today I choose buy
Trading Signal - 13/06/2014 -
Instrument: EURJPY
60min CHART
Downwards Strong
Waiting for a retracement higher towards the 138.30 resistance level in order to reinstate SHORT positions.
The market is testing resistance at 140.10. We are waiting to see reversal signals in order to reinstate
SHORT positions, or alternatively the downward break of the 137.80 support level. Next important resistance the 141.30 level.
Support & Resistances
137.60 138.30
137.30 138.60
136.90 139.10
http://dl.dropbox.com/u/51561036/scr...613-231601.jpg
http://prntscr.com/3t8otm
analysis for today 6 / 16 / 2014
EUR/JPY
Resistance : R1 138.66 R2 138.91 R3 139.11 R4 139.41
Support : S1 137.44 S2 137.19 S3 136.99 S4 136.69
Open : 138.13
High : 138.19
Low : 137.91
Range : 28 Pips
Running Price : 137.91
Strategy : BUY at the level 137.91 stop loss at the level 137.44 target take profit at the level 139.11 or at the level 139.41
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analysis for today 6 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 6 / 13 / 2014
OPEN 137.79
HIGH 138.52
LOW 137.73
CLOSED 138.12
The third resistance (R3) 138.52 - ( 138.12 - 137.73 = 0.39 x 2 = 0.79 )= 139.31
The second Resistance (R2) 138.12 + 138.52 - 137.73 = 138.91
First resistance (R1) 138.12 x 2 = 276.25 - 137.73 = 138.52
pivot points 138.52 + 137.73 + 138.12 = 414.37 / 3 = 138.12
Support for the first (S1) 138.12 x 2 = 276.25 - 138.52 = 137.73
Support second (S2) 138.12 - ( 138.52 - 137.73 = 0.79 ) = 137.33
Third Support (S3) 137.73 - ( 138.52 - 138.12 = 0.40 x 2 = 0.79 )= 136.94
pair- eur/jpy
chart analysis time frame- m30
http://i60.tinypic.com/2r7loc4.jpg
the price down movement is not able to break the support at 137.72 level and moving up side with breaking the resistance of the moving average at 138.00. this up movement can expected to the higher resistance at 138.52 level. long with stop loss at the 137.50
good luck
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analysis for today 6 / 16 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 138.22
Retracement (50%) 138.13
retracement (61,8%) 138.03
Extensions (61.8%) 139.01
Extensions (100.0%) 139.31
Extensions (138.2%) 139.61
Extensions (161.8%) 139.80
calculation based on a Fibonacci retracement then today I choose buy
seen from the movement that occurs, Eur / Jpy is in a downtrend. but no sign of reversal / correction. if the price is able to break through 138.55 then I think the price will go back up. the target is the area closest to the 61.8 Fibo support at the break on the price of 139.38. the price will likely make sideway there, and then determine the direction of movement back
http://puu.sh/9wjLk/90a05abfc6.png
http://prntscr.com/3tldal
analysis for today 6 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 6 / 16 / 2014
OPEN 138.19
HIGH 138.24
LOW 137.68
CLOSED 138.18
The third resistance (R3) 138.24 - ( 138.03 - 137.68 = 0.35 x 2 = 0.71 )= 138.95
The second Resistance (R2) 138.03 + 138.24 - 137.68 = 138.59
First resistance (R1) 138.03 x 2 = 276.07 - 137.68 = 138.39
pivot points 138.24 + 137.68 + 138.18 = 414.10 / 3 = 138.03
Support for the first (S1) 138.03 x 2 = 276.07 - 138.24 = 137.83
Support second (S2) 138.03 - ( 138.24 - 137.68 = 0.56 ) = 137.47
Third Support (S3) 137.68 - ( 138.24 - 138.03 = 0.21 x 2 = 0.41 )= 137.27