Eur/Jpy

http://s5.postimage.org/pzsrqc6cz/EUR_JPY.jpg

the most likely scenario

the pair can move down to test the 1st resistance on 94.45

alternative scenario

the pair can move up to test the 1st support on 94.75

At 15 min chart is a breakdown of the level of support, the pair drew a new low price and is now testing the level of the back side, so I think you can try to go in short, to continue the trend of STAP to 10 n, and the level of ...

the most likely scenario

the pair can move up to test the 1st resistance on 94.65

alternative scenario

the pair can move down to test the 1st support on 94.20

In EUR / JPY has worked very well the level of support 94.15, and now there is recovery of the market, the breakdown of the levels mini one big candle ... still a very large volume appeared, so that the goal is the goal of a minimum of 95.15 ...

to determine the approximate northern end of the wave, I had not confirmed the channel, the pair now goes to the top of its borders, it is possible that it will also be on the rebound, and to the south, the signs which will move the position.

On the currency pair EUR / JPY shows a corridor with distinct levels of 94.15 -95.20 .. Now came a couple of levels to the north and began to fight back, so I think that would still rebound and movement back to the mark of 94.15 ...

south trend has not been canceled, and he is still in force, the pair is now trading in a sideways channel, and only what we have seen a retreat from its upper border, is expected to further decline, I think to at least 94.15.

Price now consolidation near the support level (97.27). And now we are wait for the breakout that support to make OP Sell of course.

BREAKOUT SELL :)

http://s16.postimage.org/va8e09ph1/image.jpg



Check out my thread here for more patterns / analysis for other pairs too..
https://indian-forex.com/showthread.p...d-school-style


LIVE TRADE... :)

http://s16.postimage.org/s7hb7r67p/SS1.jpg

For intraday trader :

Max EURJPY can fall to 94.407.
Hunt for cs reversal pattern to go long at this area... :)

---------- Post added at 06:49 AM ---------- Previous post was at 12:51 AM ----------

Resistance for EJ ( short term) is at 95.219.

Careful!
Always wait for reversal confirmation from cs pattern[COLOR="Silver"]