Eur/Jpy

According to the analysis made upon the EURJPY chart today I do notice that a weak bearish trend is taking place based on the oscillator which is now at 0.078 area located below the balance level while at the same time the indicator is giving us a blue signal which makes a weak indication that a bearish direction is taking place on the short term.
The moving average 5 on the chart giving us a down slope the top located at the price 149.19 could be considered a good stop loss for if there were sell orders indicated by the indicators we are using.
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The price is located above the green line 149.01 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 bullish trend is strongly recommended till the vestro indicates another signal taking a buy trades will be my choice for this day targeting the resistance levels at 149.32 and 149.81 on a row while you can use your sop level at the area of the upcoming support at 148.71 http://bigimage.cz/photos/20141208141802251144812.gif

analysis for today 12 / 8 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 148.72
Retracement (50%) 148.87
retracement (61,8%) 149.02

Extensions (61.8%) 147.46
Extensions (100.0%) 146.98
Extensions (138.2%) 146.50
Extensions (161.8%) 146.20
calculation based on a Fibonacci retracement then today I choose sell

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.
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For today the daily opening was lower than it was yesterday that can make us to say that the down trend occurs.
On the EURJPY chart and according to the new data we can see a red down arrow above the price that indicates a bearish signal on the short term trades.
We can guess that the last opening was at 146 and it can be used as a take profit because it can act as a strong support which the price will face difficulties to break it and go down At last I prefer to use a trading system to enter the trades and we can wait to see a clear red line of the check indicator and at the exact moment trader indicator have to be red so that we can be assured that there is a bearish trend before opening the sell positions.
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The 3 fast EMAs is heading below the slow EMA on the chart of EURJPY to let me think that we are on a beginning of a bearish trend for the upcoming day and according to that sell positions are very welcomed .
The parabolic sar indicator by the way offers a downward signal as you can see it's dots shown above the candles of the price and also the MACD indicator perform another sell signal as you can see it moving below the level of zero and in additional to that the downward signal of CCi is clear as it located near the it's lower level .
I think you can agree with me that selling the pair is a winning trade as I think we are not facing bullish trend very soon .
http://bigimage.cz/photos/20141209141810649919111.gif

According to the analysis made upon the EURJPY chart today I do notice that a strong bearish trend is taking place based on the oscillator which is now at 0.542 area located below the balance level while at the same time the indicator is giving us a red signal which makes a strong indication that a bearish direction is taking place on the short term.
The moving average 5 on the chart giving us a down slope the top located at the price 147.95 could be considered a good stop loss for if there were sell orders indicated by the indicators we are using.
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http://bigimage.cz/photos/20141209141810800135289.gif

As you can see on the EURJPY chart the price is moving at a down channel to lead the price for downward direction through the upcoming hours.
Now the price hits the lower edge of donchain channel and I can say that a trades can be open by now targeting the north edge of the channel.
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 better chance to head down till the low level of donchain channel but if you face the down edge of manually drawn channel then you have to close any selling trades and for more strength for your trades waiting for a sell signals from awesome oscillator and stostatic is preferred http://bigimage.cz/photos/20141209141810984554801.gif

As you can see on the EURJPY chart there are a bearish signal formed by the histogram indicator by getting a red line which appears below 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 147.28 is a good area as you can see it is the first support that the price can meet.
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analysis for today 12 / 9 / 2014

EURJPY

Resistance : R1 148.68 R2 148.93 R3 149.13 R4 149.43
Support : S1 147.95 S2 147.70 S3 147.50 S4 147.20

Open : 148.63
High : 148.70
Low : 147.93
Range : .77 Pips
Running Price : 147.93


Strategy : SELL at the level 147.93 stop loss at the level 148.68 target take profit at the level 147.50 or at the level 147.20