Eur/Jpy

on the EURJPY one hour chart you can see a red arrow which indicates a bearish trend for now which has a top supporting it at 137.85 also it can be used as a strong resistance as the price shouldn't go above it the trend still as a bearish trend.
And the dots of the parabolic sar indicator located above the candles and that sign for the price to go down In case of there are selling trades are taking place then i think that the 137.25 is a good place to close a part from your opening trades because the price has a good chance to go up after hitting it http://bigimage.cz/photos/20141010141290814793149.gif .

On our EURJPY pair today we can see that the price is taking a downward direction and that’s due to the red dots above the candles if the price kept its position lower than the strong resistance 138.7033 which happens to be a weekly pivot level then I can assume that price would be taking a south direction till it reaches the weekly pivot support 136.4333 .
On the other hand if the price penetrated the resistance at the level 138.7033 and blue dots appeared indicating bullish signals then I can assume that the price will be taking a north direction till it reaches the resistance of the level 140.0467 of the next Pivot level.
http://bigimage.cz/photos/20141010141290932192808.gif .

I expect to lead the decisive decline below 136.60 support barrier (barrier first support) to extend downward to the barrier next support at 135.90 (barrier second support). The only thing that worries me is that I see the spacing between the positive short-term momentum indicators and price movement, which refers to the slowing downward momentum

Trading Signal - 10/10/2014 - 10:00 (GMT +3)
Instrument: EURJPY
Time : 60min CHART
Trend & Condition : upwards Strong
A Medium probability, entry signal to go LONG will be given with the upward break of 137.20 after the market found support at 136.60. Only the downward break of 136.60 would cancel the bullish scenario and take us SHORT.
Support & Resistances
136.60 137.90
136.30 138.60
136.00 139.80

10.10.2014 9:09 EURJPY
The EURJPY pair can update the support level of 136.60

Sell on a level breakthrough of 136.60 with 135.80 target. Stop loss = 137.10.

Reason for the trading strategy.

The EURJPY pair had a hard time maintaining the support level of 136.60 against the background of curtailing of the carry trade operations on the financial markets. The August statistics on the volume of industrial production in Italy, of which we can find out at 8.00 GMT, may provoke a fall below this level.

EURJPY, H4

https://www.exness.com/media/2014/10/10/3_1.png

the support level at 135.96 will make the price rise to the resistance level at 137.71 that's why I advise you to look only for long opportunities.
http://i.imgur.com/VuhCGiy.png

Weekly forecast: EURJPY 13-17 Oct. 2014

Technical analysis for weekly forecast for EURJPY 13-17 Oct. 2014. In weekly chart EURJPY 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 131.759.

Pivot: 136.566

Resistance levels

R1 137.298
R2 138.656
R3 139.388
R4 140.119

Support levels

S1 135.208
S2 134.476
S3 133.118
S4 131.759
Attachment 11878

The price failed in breaking the support level at 135.82 that's why I think I think that we should look only for long opportunities next week.
http://i.imgur.com/PjwnGYd.png

As you can see on the EURJPY chart the price is moving at a bullish channel. Now the price hits the low edge of donchain channel and I can say that a buy trades can be open by now targeting the high edge Stostatic by the way have a buy signal by having a bullish intersection near the 20 th level Finally a sell signal is shown on the awesome oscillator as you can see by having the bars below the 0 level and also the last bar is colored by red To make a clear decision from the previous givens the price have a higher chance to head up till the higher level of donchain channel but if you face the up edge of manually drawn channel then you have to close any buy trades and for more strength for your trades waiting for a buy signals drom awesome oscillator and stostatic is prefered http://bigimage.cz/photos/20141013141315208171326.gif

The momentum indicator shows a clear cross on the EURJPY chart when the blue line heads below the red line to construct a very good selling signal for now On the Oracle Strength indicator a red color is shown and it is an indication for the bearish direction for the EURJPY pair.
The red color of the arrows can be a confirmation for the downward direction at the Oracle direction indicator.
As a result of the previous indicators the Bearish trend would be appeared as the sell cross of the momentum indicator appears on the chart and the sell trades advised to be taken as the ATR indicator still showing a sell signals.
http://bigimage.cz/photos/20141013141315245163363.gif .