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As you can see on the EURJPY chart there are a bullish signal formed by the histogram indicator by getting a green line which appears above the level 0.
On the other hand the Market emotion indicators shows a kind of lower direction as you can see it is showing a red line for the last candle.
About the Guru indicator it is also showing a signal by seeing the line below the level 0 and the last bars is red then it is a good bearish signal.
Finally there are a sell cross formed by the two exponential moving averages 9 and 152 then you can consider a bearish trend on the coming candles.
As I think according to what you can see above selling is the side that I will choose in the current time and for a take profit the level of 147.2 is a good area as you can see it is the first support that the price can meet.
http://bigimage.cz/photos/20141121141655365743987.gif
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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/20141121141655582811627.gif
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There is a good selling signals appear today on the hourly chart of the EURJPY as the price have a red arrow as the last signal to show by the EMA crossover indicator which uses a 2 exponential moving averages with different shifts and you can see the red line crossing below the blue one to perform the sell signal.
The same also happens on the QQE indicator which you can see below the chart where you can find the lines below the fifty levels and showing a sell cross.
I'm going to sell targeting the area of 148.5 as a support or till I can get a new buy cross by the 2 exponential moving averages.
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http://bigimage.cz/photos/20141121141655643140746.gif
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The price is located below the blue line 147.85 of the MBFX indicator on the EURJPY chart for today and when taking a look on vestro indicator it makes a bearish saturation on its last move to form a sell signal for the coming time.
According to this considering a bearish trend is strongly recommended till the vestro indicates another signal taking a sell trades will be my choice for this day targeting the support levels at 146.93 and 146.36 on a row while you can use your sop level at the area of the upcoming resistance at 148.77 http://bigimage.cz/photos/20141121141655678138143.gif
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On the EURJPY chart the price in now having a bearish trend and the indication for that is the down red arrow above the price also you can find the sell cross between the snake and T2_clean on the 1H chart.
We have some levels that could effect on the direction like the support level at 147.35 which can be a good level to claim profits or to keep on your selling trades but in case of breaking it down and you can use the resistance level of 149.15 as a stop loss.
Unless there is an opposite buy cross occurs or a blue up arrow occurs then selling is the most right decision for the current time http://bigimage.cz/photos/20141121141655817616757.gif
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According to the EURJPY hourly chart in front of us we can see that there is a bearish channel taking place in addition to that the red colored moving average is currently taking a down direction for the current period.
The prices where the market opened today got lower values than the daily pivot's point which is located at 148.41 taking that data we collected so far I do think that the price may keep heading down until it reaches the first daily pivot support which is located at the price 148.06 that of course if the WPR indicator didn't show any opposite signal which is upward in this case.
If the target got reached selling to 147.7 which in this case could be considered as the next support for the price to reach before the end of the day.
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http://bigimage.cz/photos/20141121141656097996528.gif
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pair- eur/jpy
analysis time frame- m15
http://i60.tinypic.com/28whqip.jpg
the down movement of the price is move to the daily support level three at 146.45 level and making doji patterns. the rsi indicator is also moving out side from the oversold level 30. long with take profit at 147.50 and stop loss at the 146.03
good luck.
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21.11.2014 9:09 EURJPY
The EURJPY pair may decline to the 146.54 level
Buy on rebound from 146.54 level with 147.50 and 148.50 targets. Stop loss = 146.00.
Reason for the trading strategy
The dissolution of the lower house of the Japanese parliament, which actually pushed Japan into recession in Q2 - Q3 2014, led to a rise of the yen on the foreign exchange market. As a result of this, institutional investors, covering shorts in the yen, recorded a large profit.
EURJPY, H4
https://www.exness.com/2014/11/21/eurjpy.png
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I think that the support level at 145.75 will make the price rise to the resistance level at 147.44.
http://i.imgur.com/5lZDbFI.png
---------- Post added 11-22-2014 at 02:43 PM ---------- Previous post was 11-21-2014 at 04:01 PM ----------
As we can see the pair break the resistance level at 145.68 that's why I think that we should look only for long opportunities.
http://i.imgur.com/VwWHp8D.png
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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 146.95 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 143.19 .
On the other hand if the price penetrated the resistance at the level 146.95 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 148.27 of the next Pivot level.
http://bigimage.cz/photos/20141123141677803324359.gif .
