Eur/Jpy

The price is located above the blue line 147.79 of the MBFX indicator on the EURJPY chart for today and when taking a look on vestro indicator it makes a bullish saturation on its last move to form a buy 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 148.28 and 148.58 on a row while you can use your sop level at the area of the upcoming support at 147.31 http://bigimage.cz/photos/20141209141811187137469.gif

We can see that the price of the EURJPY chart we can see that the price is moving below the EMA indicator wave to make a bearish direction during the day.
Also the RSI indicator shows a sell signal which shows by the line going below the center line of 35.
This can be combined with the data from the Macd indicator that is shown by the green lines that going up to indicate that the market bulls bulls are dominating on the market for now.
I think that you should think in going for bears until another buy until another above the wave of the EMA indicators .
http://bigimage.cz/photos/20141209141811174238497.gif

analysis for today 12 / 9 / 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

Trading Signal - 09/12/2014 - 10:00 (GMT +2)
Instrument: EURJPY
Time : 60min CHART
Trend & Condition : Downwards Strong
Waiting for a retracement higher towards the 148.30 resistance level in order to reinstate SHORT positions.
The TP1 was almost reached and the market is at risk of correcting lower cautioning us to move the stop loss higher(147.60). Provided the market conditions will remain the same the TP1 will be reached soon.
Support & Resistances :
147.49 148.30
146.63 148.88
145.24 149.74

http://dl.dropbox.com/u/51561036/scr...210-014428.jpg

in my opinion this is the second best pair and there is the reasonable profit for the trader and the trader can get the profit with little bit watching the market and making the order for the pair eur/jpy

Cool analysis., a very interresting ideea and pair, i think to go long in the yen is not a good idea, market technically its looking upsidedown., to long moving up and a correction will come i think. Thats very important fact that people will take theire money flat. So be carefull by trading the yen.

eur/jpy To day support and resistance date.10/12/2014
Resistance 1:148.48
Resistance 2:148.70
Resistance 3:149.09
Power pivot:148.15
Support 1:147.85
Support 2:147.50
Support 3:147.10
Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.

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 sell signal by having a bearish intersection near the 80 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/20141210141819258373187.gif

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/20141210141819287113524.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 146.89 is a good area as you can see it is the first support that the price can meet.
http://bigimage.cz/photos/20141210141819348139555.gif