Eur/Jpy

INTRADAY TRADING SIGNAL

EURJPY H4 is expected will go up to its nearest resistance, which is at 97.364.
Wait for a reversal cs pattern to go short at this resistance level.

i think after breaking a bearish trend shown in H4 chart , i expect the pair to retest this trend in the next few hours so i think we can start buying near this trend with a small stop lose few pips below it ,


Attachment 3412

It is clear the level of 97.30 and a couple just stood there and, given the movement of the past few candles and the aggressiveness of the market I think we can break through the 97.30 and have a 98 figure, but let's see what will happen to these formations ...

the pair now is completing a correction wave that may ends at one of the shown points in the chart may be the main down wave will continue from the trend shown in the chart or it will break it in the next week and the it will retest the trend from one of the shown resistances at 99.xx or 100.xx or 101.xx
so lets see what will happen in the next week

for me i think the trend will stop the pair and push it down again

Attachment 3453

EURJPY is moving near the resistance level at 97.48 now.
Then, if EURJPY can break 97.48 resistance, EURJPY may continue the up trend and the next target is at around 98.45 as the next resistance level of EURJPY

http://i49.tinypic.com/20t4fud.gif

The short term trend of the pair is to the downside. Intraweek trading range of the pair is expected among key support at 93.35 and key resistance at 99.80. Based upon my chart analysis, I prefer to buying the pair around 96.90 with targets 97.75, 98.50 the 99.00 and stoploss with four hour candle closing below 95.80.

If you look at a larger time frame (4 hours) you can see that today there was a rebound from the top of the channel, the price continues to shape the southern wave, the end of which - the lower oblique.

EUR / JPY pair was noted today, hammering on the Ichimoku cloud top (level 97.50), the aim was now moving blue Ichimoku is also on the hourly chart indicator MASD showed an additional signal to sell.

couple with adjusted punched into the area today, the level (now resistance) 97.11, I think that the course will resume from him falling to the South, that much about him is protorgovka and above this level until the price did not want to put.

The pair is located within a small trend. I expect that the price comes down to the level of support around 96.36. The price then explode up high. I think it is a corrective wave 4 and after the next 5 wave.