Eur/Jpy

EURJPY Analysis & Signals 05/02/15

Order SELL BELOW
SELL
Sell at 134.30
Take Profit at 133.60
Stop Loss at 134.58

The pair failed to stabilize above 134.15 for long, and is trading negatively between the pivotal levels represented in the referred to resistance, and the support 132.40, and breaching one of them determines the next move. Breaking the support pushes the pair towards 129.90, while breaching the resistance pushes the pair back to the upside targeting 137.80.

---------- Post added at 08:00 PM ---------- Previous post was at 07:59 PM ----------

Support 132.40 131.65 131.10 130.35 130.00
Resistance 133.20 134.15 135.05 135.80 136.45
Recommendation
Positive expectations above 134.15, risk-limit below 132.40. Negative below 132.40, risk-limit above 134.15.

To day support and resistance date.6/2/2015
Resistance 1:135.20
Resistance 2:135.65
Resistance 3:136.15
Power pivot:134.50
Support 1:134.00
Support 2:133.40
Support 3:133.80
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.

analysis for today 2 / 6 / 2015

EURJPY

Resistance : R1 135.19 R2 135.44 R3 135.64 R4 135.94
Support : S1 134.20 S2 133.95 S3 133.75 S4 133.45

Open : 134.87
High : 134.95
Low : 134.44
Range : .51 Pips
Running Price : 134.49

Strategy : BUY at the level 134.49 stop loss at the level 134.20 target take profit at the level 135.64 or at the level 135.94

If EUR/JPY continues its advance into higher levels what about tomorrow see the market decided this pair is going to form inverted hammer in H4 we may see more down after that candle formation.

EURJPY
Feb. 6, 2015, 10:04
Sell on level breakthrough of 134.11 with 133.11 and 132.36 targets. Stop loss = 134.70.

Reason for the trading strategy

In December, the volume of industrial production in Germany fell from -0.3% (y/y) to -0.7% (y/y). The data is negative for the euro. Opening short positions in the EUR/JPY pair should be considered at the breakthrough of the 134.11 support level.

EURJPY, H4


https://www.exness.com/media/media/2015/02/06/5.png

I think that the support level at 134.14 will make the price rise, that's why we can get in long position with take profit at 135.31.
http://i.imgur.com/Qbpwnkl.png

Spoiler:

http://vvcap.net/db/610xBl8vfa3maMP7G5ro.png

Daily Forecast

Pair: EURJPY
Major Trend: Bullish
Time Frame: H1
Reason: Towards the close, the market is predicted to reach 134.19. If the price is broken, then the market will lead to the first support at 133.20
Recommendation: Sell now

EUR/JPY Daily Outlook

Daily Pivots: (S1) 133.24; (P) 134.19; (R1) 135.83; More...

4H
The consolidation from 130.13 is still in progress and another rise could be seen to 135.34 and above. But in that case, we'd expect upside to be limited by 137.63 resistance and bring fall resumption. Below 132.37 minor support will turn bias to the downside for retesting 130.13 first. Break will extend recent down trend and target next medium term fibonacci level at 128.50.

I think that the resistance level at 135.14 will make the price fall down to the support level at 134.06 that's why we can get in short position when the market open.
http://i.imgur.com/1sxvOUd.png