Breaking the support level at 139.24 will give us a good chance to get in short position with take profit at 138.27.
http://i.imgur.com/sE7IuRN.png
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Breaking the support level at 139.24 will give us a good chance to get in short position with take profit at 138.27.
http://i.imgur.com/sE7IuRN.png
pair- eur/jpy
chart analysis time frame- m30
http://i57.tinypic.com/2vrwkk9.jpg
the lower supporting trend line has been break at the 138.80 level and the rsi indicator is showing oversold. the price may make correction but continue will be down side as parabolic sar is also down trend side. this down movement may be hold at the 138.30 level.
good luck
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analysis for today 9 / 26 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 139.21
Retracement (50%) 139.06
retracement (61,8%) 138.91
Extensions (61.8%) 140.47
Extensions (100.0%) 140.95
Extensions (138.2%) 141.43
Extensions (161.8%) 141.73
calculation based on a Fibonacci retracement then today I choose buy
I think that we may see this pair at the 138.37 level by the end of this week. the price may rise next week because of the 50.0 level of fibonacci ratios at 138.52.
http://i.imgur.com/l8RtzLu.png
29.09.2014 9:09 EURJPY
EURJPY: consolidation in the range of 138.38 - 139.08
Buy on a level breakthrough of 139.08 with 140.15 target. Stop loss = 138.50.
Reason for the trading strategy.
The weakening of the yen against the US dollar contributes to the stabilization of the EURJPY cross-rate in the range of 138,38 - 139.08. Prior to the ECB October meeting, where an announcement about the ABS program is likely to be made, the EURJPY pair will probably try to test the 139.65 and 140.15 levels.
EURJPY, H4
https://www.exness.com/media/2014/09/29/2.png
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analysis for today 9 / 29 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 138.81
Retracement (50%) 138.73
retracement (61,8%) 138.64
Extensions (61.8%) 139.50
Extensions (100.0%) 139.76
Extensions (138.2%) 140.02
Extensions (161.8%) 140.19
calculation based on a Fibonacci retracement then today I choose buy
pair- eur/jpy
chart analysis time frame- m30
http://i60.tinypic.com/2i0grk1.jpg
the price is making double top chart pattern with having resistance at 139.00 and the nick line of support at 138.55 level. if this is falling down then wait to break support and short with take profit at 138.30. stop loss at 139.00
good luck
cci(14) : 14.913
bulls (13) : 4.86
i see the in pair up trend
so i will buy from : 138.46
and my target today is : 139.46
and target 2 today is : 140.46
good luck
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analysis for today 10 / 1 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 9 / 30 / 2014
OPEN 138.88
HIGH 138.92
LOW 137.94
CLOSED 138.48
The third resistance (R3) 138.92 - ( 138.45 - 137.94 = 0.51 x 2 = 1.01 )= 139.93
The second Resistance (R2) 138.45 + 138.92 - 137.94 = 139.43
First resistance (R1) 138.45 x 2 = 276.89 - 137.94 = 138.95
pivot points 138.92 + 137.94 + 138.48 = 415.34 / 3 = 138.45
Support for the first (S1) 138.45 x 2 = 276.89 - 138.92 = 137.97
Support second (S2) 138.45 - ( 138.92 - 137.94 = 0.98 ) = 137.47
Third Support (S3) 137.94 - ( 138.92 - 138.45 = 0.47 x 2 = 0.95 )= 136.99
Daily forecast: EURJPY 01 Oct. 2014.
Trading analysis for Daily forecast of EURJPY 01 October, 2014. In Daily chart EURJPY shows bearish trend. At present EURJPY below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 136.516.
Pivot: 138.444
Resistance levels
R1 138.954
R2 139.427
R3 139.937
R4 140.448
Support levels
S1 137.971
S2 137.461
S3 136.988
S4 136.516
Attachment 11745