Eur/Jpy

The price is almost at the TMA resistance which have a red color as you can see on the AUDJPY chart By taking a quick look on the timing indicator below you can easily indicate a green line moving near the 70 th level A yellow point is showing above the price to perform a sell signal on the short edge for the pair Target for any sell trades done through the day can be set on the green level as a good support by the TMA indicator but it is better to avoid entering as long as you can't get a red signal on timing indicator http://bigimage.cz/photos/20010101978318250491728.gif

Daily forecast: EURJPY 20 Oct. 2014.

Technical analysis for Daily forecast of EURJPY 20 October, 2014. In Daily chart EURJPY shows bullish trend. At present EURJPY breaks 1st resistance level and going towards the 2nd resistance level. If 2nd resistance level breaks then next strong resistance level is 138.297.

Pivot: 136.279

Resistance levels

R1 136.810
R2 137.234
R3 137.765
R4 138.297

Support levels

S1 135.855
S2 135.324
S3 134.900
S4 134.477
Attachment 11914

The EURJPY chart shows a bottom which is drawn by the ZigZag indicator and that indicates that pair is more likely to move upward For the current time the price movement is near the up edge of the Donchin band indicator and that means that it is hard for the price to move upward I think that it is more likely for the price to have a upward direction only in the case of closing a candle above the resistance of 136.85 and you can see it on the chart by the red dots and in order to catch a strong buy trade you need for 2 SMA indicators to make a buy Cross If you face a reverse downward direction i think that the support line at 136.55 will be a stop level area .
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On the EURJPY chart the price in now having a bullish trend and the indication for that is the up blue arrow below the price also you can find the buy cross between the snake and T3_clean on the 1H chart We have some levels that could effect on the direction like the resistance level at 137.05 which can be a good level to claim profits or to keep on your buying trades but in case of breaking it up and you can use the support level of 136.05 as a stop loss Unless there is an opposite sell cross occurs or a red down arrow occurs then buying is the most right decision for the current time http://bigimage.cz/photos/20010101978322646143756.gif .

According to the EURJPY hourly chart in front of us we can see that there is a bullish channel taking place in addition to that the yellow colored moving average is currently taking a up direction for the current period.
The prices where the market opened today got higher values than the daily pivot's point which is located at 136.27 taking that data we collected so far I do think that the price may keep heading up until it reaches the first daily pivot resistance which is located at the price 136.54 that of course if the WPR indicator didn't show any opposite signal which is downward in this case.
If the target got reached buying to 136.8 which in this case could be considered as the next resistance for the price to reach before the end of the day.
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On the EURJPY chart you can see a bullish trend due to the green color of the super trend and it is the main indicator to know the price movement direction.
The Nonlong dot is colored in blue and that is an indication for a buy signal.
The signals now are showing a week bullish trend also the buy trades can take place as soon as the Nonlog indicator have a changes to confirm the new direction.
When we talk to the stop loss area we can think about two ways to end first if the price reaches the support of 136.6 and the second when the super trend changes its color to red that means that the bullish trend has ended.
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On the EURJPY chart we can see that the price is going to fall when it touches the up edge of the Bollinger bands indicator and the volume of the market is low at the current time according to the value on the volume indicator at the end edge of the chart and its value is 401 .
The price will face a strong Pivot level before going downward we can set the 135.9 level as a next support to be a primary take profit after that the 135.68 support is highly recommended and you can stop the losses at the level 136.64 if the price goes up .
To confirm the entry that is consisting of three indicators that is located in the middle of the chart so enter with the Moving average and the cross of the CCI is a good way to be more confirmed .
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As we can see in the EURJPY chart the main trend is currently taking a up direction and that’s because of the position of the 5 and 6 EMAs which are Above the 35 EMA and as a result taking buy positions is the right choice once I get the confirmation from the other indicators that the direction will be bullish .
The parabolic sar indicator shows that the price might be taking a upward direction according to the dots below the candles The MACD indicator is giving me a buy signal which is currently moving above the 0 level also the CCI line is performing a upward signal as is at the Higher level.
As a conclusion to what I said earlier I do think that buying would be the best choice for now according to the EMA locations that of course unless the price gave a bearish signal instead.
http://bigimage.cz/photos/20010101978335219123012.gif .

On the EURJPY chart we can see that the prices are currently lower than that 15 EMA line which could act greatly as a bearish trend sign for the day.
A good upward direction signal is indicated by the power line indicator which is above the 50 level now.
Also a high power of the bearish trend is shown by the power momentum indicator which is really important as it can be used to filter the sell position's entry.
http://bigimage.cz/photos/20010101978338818822780.gif .

pair- eur/jpy
analysis time frame- m15

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the rsi is making continue equal low but in the price chart its making lower to low. this down movement may be hold at the support pivot point 136.28. if this is level is break then short with take profit at 135.60 level and stop loss at the 136.80
good luck