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Insta forex is the best broker in Asia.I have a place to try, so price, 115.00 will feel that, it seems that this point. At least 30 points profit and stop loss can even 40 points if that EUR/JPY continues high-level 117.80 resistance (May 31 high), 118.50 (April 26 low) and forcing the 119.20 (3 lower).
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analysis for today 9 / 5 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 9 / 4 / 2014
OPEN 137.79
HIGH 138.00
LOW 135.97
CLOSED 136.21
The third resistance (R3) 138.00 - ( 136.73 - 135.97 = 0.76 x 2 = 1.51 )= 139.51
The second Resistance (R2) 136.73 + 138.00 - 135.97 = 138.76
First resistance (R1) 136.73 x 2 = 273.45 - 135.97 = 137.48
pivot points 138.00 + 135.97 + 136.21 = 410.18 / 3 = 136.73
Support for the first (S1) 136.73 x 2 = 273.45 - 138.00 = 135.45
Support second (S2) 136.73 - ( 138.00 - 135.97 = 2.03 ) = 134.70
Third Support (S3) 135.97 - ( 138.00 - 136.73 = 1.27 x 2 = 2.55 )= 133.42
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analysis for today 9 / 5 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 137.22
Retracement (50%) 136.99
retracement (61,8%) 136.75
Extensions (61.8%) 139.25
Extensions (100.0%) 140.03
Extensions (138.2%) 140.81
Extensions (161.8%) 141.28
calculation based on a Fibonacci retracement then today I choose buy
Trading analysis for dated 08th September, 2014. In Daily chart EURJP shows bearish trend. At present EURJPY little bit below from the pivot point and try to go towards the 1st support level. If EURJPY breaks 1st support level then it goes further downside to the stronger support level i.e. 134.512.
Pivot: 136.168
Resistance levels
R1 136.526
R2 136.959
R3 137.317
R4 137.676
Support levels
S1 135.735
S2 135.377
S3 134.944
S4 134.512
Attachment 11407
pair- eur/jpy
chart analysis time frame- m30
http://i62.tinypic.com/w9jvqv.jpg
the price moving in the down trend channel pattern that has been break but the the status of the rsi indicator is overbought as moving level 70. the price will not move above the 136.53 level and will falling down side. short with the stop loss at 136.80 and profit target 135.50
good luck
Trading analysis for dated 09th September, 2014. In Daily chart EURJPY shows bullish trend. At present EURJPY near to the 1st resistance level and try to break 1st resistance level. If it breaks 1st resistance level then next strong resistance level is 138.914.
Pivot: 136.520
Resistance levels
R1 137.166
R2 137.623
R3 138.269
R4 138.914
Support levels
S1 136.063
S2 135.417
S3 134.960
S4 134.502
Attachment 11440
Trading analysis for dated 10th September, 2014. In Daily chart EURJPY shows bullish trend. At present EURJPY breaks 1st and 2nd resistance levels and going towards the 3rd resistance level. If 3rd resistance level breaks then next strong resistance level is 139.135.
Pivot: 137.162
Resistance levels
R1 137.710
R2 138.038
R3 138.586
R4 139.135
Support levels
S1 136.834
S2 136.286
S3 135.958
S4 135.631
Attachment 11472
Trading Signal - 10/09/2014 - 10:00 (GMT +3)
Instrument: EURJPY
Time :60min CHART
Trend & Condition : Upwards Weak
Waiting for a retracement lowertowards the 137.30 support level,in order to reinstate LONG positions.
Support & Resistances:
137.30 137.80
137.00 138.20
136.50 138.40
http://dl.dropbox.com/u/51561036/scr...910-215522.jpg
Trading analysis for dated 11th September, 2014. In Daily chart EURJPY is flat. At present EURJPY on the pivot point. It is important to break support or resistance levels to identify the trend.
Pivot: 137.821
Resistance levels
R1 138.343
R2 138.679
R3 139.201
R4 139.723
Support levels
S1 137.485
S2 136.963
S3 136.627
S4 136.291
Attachment 11504
We can see on the daily time frame that the price is facing the resistance level 138.26 that's why I think that we should and see how this daily candle will close.
http://i.imgur.com/qF5Bu5M.png