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EURJPY this pair is now in down direction and taking support i think trader can give buy or can take long position because i think price will go up directing within this month but i scalping trader can get more profit from this market use this strategy.
The EURJPY on still look bearish . this pair must break first to that Low Fibo 94.10 = break from top. So, as long as the price still can not break that strong Low Fibo 94.10 = the sideways with more probably pullback bulls
EUR/JPY is currently into a bearish rally. The pair is now below the lower band of its medium term bearish channel
. A pullback on this line as resistance seems possible.
http://s15.postimage.org/ow3lbbiuz/image.jpg
Look for a cs reversal pattern to go short if the price cannot break this resistance.
If breakout, wait for a pullback for a safer entry.. :)
EURJPY M15 - PENNANT - BULLISH PENNANT
LONG AND LEVEL TO TAKE PROFIT IS 96.3
http://s10.postimage.org/6nwibound/image.jpg
EUR / JPY closed the previous two days candles rising after touching the bottom of the channel downlink frame on the day I expect to see more of the rise and reach levels of resistance at 99.00 in the medium term
http://www3.0zz0.com/2012/07/26/23/754125250.png
the most likely scenario
the pair can move up to test the 1st resistance on 95.33
alternative scenario
the pair can move down to test the 1st support on 95.02
Today there was a retreat in a southerly direction on the resistance of 96.36, the pair is adjusted after yesterday's strong growth, the southern end of the wave and continuing growth in the north, I expect the level of 95.22.
price for the third time trying to overcome the resistance of 96.40, and again went on a retreat, I think above this level will not rise today, the course also moving line Ching-Span (Ichimoku) shows a reversal in the south.
EURJPY on also probably bulls for today trade. It can be see with . So, of course, with this my simple look = search for Buy OP on this pair (with using smaller Time Frame) = better idea.