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The pair traded positively yesterday away from 134.15, which support the keeping the positive scenario that targets next 137.80. The aascending channel still carries the suggested bullish wave, which requires stability above 134.15.
---------- Post added at 06:49 PM ---------- Previous post was at 06:42 PM ----------
Support 135.05 134.15 133.55 132.40 131.65
Resistance 135.80 136.45 137.60 137.80 138.20
Recommendation
Positive expectations above 134.15, risk-limit below 133.20.
analysis for today 2 / 12 / 2015
EURJPY
Resistance : R1 136.51 R2 136.76 R3 136.96 R4 137.26
Support : S1 135.92 S2 135.67 S3 135.47 S4 135.17
Open : 136.56
High : 136.67
Low : 135.76
Range : .91 Pips
Running Price : 135.79
Strategy : SELL at the level 135.79 stop loss at the level 136.51 target take profit at the level 135.47 or at the level 135.17
EUR/JPY Daily Outlook
Daily Pivots: (S1) 135.43; (P) 136.05; (R1) 137.09
4H
No change in EUR/JPY's outlook. recovery from 130.13 might extend but we'd expect upside to be limited by 137.63 resistance and bring fall resumption. Below 132.53 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.
---------- Post added at 06:01 PM ---------- Previous post was at 05:46 PM ----------
D1
In the bigger picture, the break of 134.13 support should confirm medium term topping at 149.76, on bearish divergence condition in weekly MACD. Deeper correction should now be seen to 38.2% retracement of 94.11 to 149.76 at 128.50 first. Based on current momentum, the correction could go deeper to 61.8% retracement at 115.36.
---------- Post added at 07:07 PM ---------- Previous post was at 06:01 PM ----------
The pair is still moving to the upside towards our key awaited target 137.80 and stabilizing above 134.15 is required to extend the upside move on intraday basis, while the pair is getting a continuous positive support from Linear Regression Indicators that indicates the possibility of breaching 137.80. A break above the latter extends the gains towards 140.10, so the upside move will be expected today by stabilizing above 134.10
---------- Post added at 07:26 PM ---------- Previous post was at 07:07 PM ----------
Support 135.80 135.05 134.15 133.55 132.40
Resistance 136.45 137.60 137.80 138.20 138.80
Recommendation
Positive expectations above 134.15, risk-limit below 133.20.
---------- Post added at 07:56 PM ---------- Previous post was at 07:26 PM ----------
EURJPY forms bullish wave – Analysis
The EURJPY pair continued to show positive trading since yesterday to notice reaching 136.65 level and confirm the domination of the expected bullish bias, while the continuous bullish momentum coming from stochastic makes us wait to touch the broken support line located at 137.70.
Expected trading range for today is between: 135.20 and 137.70
Expected trend for today: Bullish
To day support and resistance date.13/2/2015
Resistance 1:136.00
Resistance 2:136.40
Resistance 3:136.85
Power pivot:135.70
Support 1:135.25
Support 2:134.90
Support 3:134.53
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.
Talking Points:
EUR/JPY Technical Strategy: Flat
Support: 134.77, 132.48, 130.71
Resistance: 137.64, 139.95, 142.27
The Euro is rising against the Japanese Yen as having shown a bullish Morning Star candlestick pattern. A daily close above the 38.2% Fib Fibonacci retracement at 137.64 exposes the 50% level at 139.95. Alternatively, a reversal below the 134.77-135.02 area marked by the October 14 low and the 23.6% Fib opens the door for a test of the 14.6% threshold at 133.00.
While entering long seems compelling from a purely technical perspective, we will tactically opt to stand aside.The correlation between EURJPY and the S&P 500 stock index warns the pair may sink if risk aversion breaks out following a Greece-focused meeting of Eurozone finance ministers today. With that in mind, we will stand aside.
---------- Post added at 03:30 AM ---------- Previous post was at 03:25 AM ----------
EUR/JPY Technical Analysis: Upswing to Yield Short Entry
Talking Points:
EUR/JPY Technical Strategy: Flat
Support: 134.77, 133.00, 130.13
Resistance:137.64, 139.95, 142.27
The Euro paused to consolidate having rallied against the Japanese Yen as expected having produced a bullish Morning Star candlestick pattern. Near-term resistance is at 137.64, the 38.2% Fib Fibonacci retracement, with a break above that on a daily closing basis exposing the 50% level at 139.95. Alternatively, a turn below the 134.77-135.02 area marked by the October 14 low and the 23.6% Fib clears the way for a challenge of the 14.6% threshold at 133.00.
Our long-term fundamental outlook calls for broad-based Euro weakness as the ECB expands stimulus. With that in mind, we will treat on-coming gains as an opportunity to establish short following the upswing rather than a long trade setup. In the meantime, we will remain flat.
analysis for today 2 / 13 / 2015
EURJPY
Resistance : R1 135.98 R2 136.23 R3 136.43 R4 136.73
Support : S1 135.27 S2 135.02 S3 134.82 S4 134.52
Open : 135.80
High : 136.02
Low : 135.23
Range : .79 Pips
Running Price : 135.88
Strategy : SELL at the level 135.88 stop loss at the level 135.98 target take profit at the level 134.82 or at the level 134.52
The pair has been showing tight sideways trading since yesterday and is trading around 135.70. Since the pair is above 134.15, we keep our bullish expectations in the coming period targeting next 137.80. Breaching the latter pushes the pair towards 140.10.
---------- Post added at 01:58 PM ---------- Previous post was at 01:32 PM ----------
Support 135.05 134.15 133.55 132.40 131.65
Resistance 135.80 136.45 137.60 137.80 138.20
Recommendation
Positive expectations above 134.15, risk-limit below 133.20.
---------- Post added at 01:59 PM ---------- Previous post was at 01:58 PM ----------
Support 135.05 134.15 133.55 132.40 131.65
Resistance 135.80 136.45 137.60 137.80 138.20
Recommendation
Positive expectations above 134.15, risk-limit below 133.20.
---------- Post added at 02:50 PM ---------- Previous post was at 01:59 PM ----------
EURJPY rises slowly – Analysis – 13/2/2015
The EURJPY pair showed slow positive bias yesterday keeping its stability below 136.50 level, affected by the contradiction of stochastic positivity with the moving average 55 negativity, and in general, we will keep waiting to test 137.70 level that forms the main target for the near term trading then monitoring the price behavior to detect the future targets.
The expected positivity will remain valid as long as the key support 132.10 remained intact, to add more positive pressure on the pair until reaching the mentioned target.
Expected trading range for today is between: 134.80 and 137.70
Expected trend for today: Bullish
I think that this is a good opportunity to get in long position from the support level at 135.27 with take profit at 137.52.
http://i.imgur.com/3JMSVJG.png
EUR/JPY Weekly Outlook
4H
EUR/JPY's recovery from 130.13 extended higher last week. Further rise could still be seen initially this week. But we'd expect upside to be limited by 137.63 resistance and bring fall resumption. Below 132.53 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.
---------- Post added at 05:16 PM ---------- Previous post was at 03:44 AM ----------
D1
In the bigger picture, the break of 134.13 support should confirm medium term topping at 149.76, on bearish divergence condition in weekly MACD. Deeper correction should now be seen to 38.2% retracement of 94.11 to 149.76 at 128.50 first. Based on current momentum, the correction could go deeper to 61.8% retracement at 115.36.
---------- Post added at 05:38 PM ---------- Previous post was at 05:16 PM ----------
Weekly
In the long term picture, rebound from 94.11 long term bottom is having an impulsive look and thus, indicates that it's far from being finished. While it's possibly now in a medium term correction from 149.76, such up trend is expected to resume after the correction completes.
To day support and resistance date.16/2/2015
Resistance 1:135.80
Resistance 2:136.15
Resistance 3:136.45
Power pivot:135.50
Support 1:135.15
Support 2:134.70
Support 3:134.35
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.