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On our EURJPY pair today we can see that the price is taking a upward direction and that’s due to the blue dots below the candles if the price kept its position higher than the strong support 144.1267 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 148.4767 .
On the other hand if the price penetrated the support at the level 144.1267 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 142.2733 of the next Pivot level.
http://bigimage.cz/photos/20141126141703649243338.gif .
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Daily Forecast
Pair: EURJPY
Major Trend: NEUTRAL
Time Frame: H4
Reason: There is a bearish candle newly formed, the price is probably already can not pass a strong resistance at 147.39 to proceed to the first weekly resistance at 147.96. Prices will tend to go down, viewed from the indicator RSI, Stochastic, MACD, prices tend to go down.
Recommendation: Sell with a target weekly pivot at 146.47
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http://prntscr.com/5aldj9
analysis for today 11 / 27 / 2014
EUR/JPY
Resistance : R1 147.38 R2 147.63 R3 147.83 R4 148.13
Support : S1 146.50 S2 146.25 S3 146.05 S4 145.75
Open : 147.24
High : 147.25
Low : 146.63
Range : .62 Pips
Running Price : 146.82
Strategy : BUY at the level 146.82 stop loss at the level 146.50 target take profit at the level 147.83 or at the level 148.13
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I think that we can put a sell limit order at 147.20 with take profit at 146.61.
http://i.imgur.com/Cz3bmSD.png
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pair- eur/jpy
analysis time frame- m15
http://i57.tinypic.com/2zs9tgl.jpg
the price up movement is rejecting from the fibo resistance 61.8 and at the pivot point 147.04 level. the rsi indicator is below the 40 level. this down movement may hold at the moving average support 146.80 level. hold the short entry with stop loss at 147.00
good luck.
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27.11.2014 8:08 EURJPY
EURJPY: consolidation before the publication of the number of unemployed in Germany
Buy on a level breakthrough of 147.36 with 149.15 target. Stop loss = 146.80.
Reason for the trading strategy
This afternoon the number of unemployed in Germany will be published. The decline expected in November will signal an improvement in the labor market in Germany, which is the engine of the European economy. Opening long positions in the EURJPY pair should be considered at a level break through of 147.36.
EURJPY, H4
https://www.exness.com/2014/11/27/eurjpy.png
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Daily Forecast
Pair: EURJPY
Major Trend: Bullish
Time Frame: H1
Reason: Fatherly touch the daily pivot point is not possible, but prices are still predicted to be in the direction of 147.12 for a correction in the area of the break resistance, before continuing the bullish trend for the price of 148.03. The RSI indicator has been cut lines 50 and heading upwards, while stochastic has been in overbought area
Recommendation: Buy Limit at 147.12
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pair- eur/jpy
analysis time frame- m15
http://i60.tinypic.com/dgqljt.jpg
the price is break the resistance at 147.30 level and now at the higher resistance side that is break and moving up. the rsi indicator is hitting the overbought level 70 so correction movement can expected. hold the long entry with stop loss at 147.05 and profit target at 148.00
good luck.
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The price is in a oberbought condition that's why I think that we should look only for short opportunities.
We can get in short position with take profit at 147.41.
http://i.imgur.com/IRIySUC.png
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Trading Signal - 28/11/2014 - 10:00 (GMT +2)
Instrument: EURJPY
Time : 60min CHART
Trend & Condition : Upwards Strong
Waiting for the upward break of 147.40 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 146.30 would cancel the bullish scenario and take us SHORT.
Support & Resistances :
146.50 147.40
145.90 147.90
145.60 148.70
http://dl.dropbox.com/u/51561036/scr...129-013640.jpg
Spoiler: