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analysis for today 2 / 16 / 2015
EURJPY
Resistance : R1 135.86 R2 136.11 R3 136.31 R4 136.61
Support : S1 134.75 S2 134.50 S3 134.30 S4 134.00
Open : 135.13
High : 135.50
Low : 135.11
Range : .39 Pips
Running Price : 135.26
Strategy : SELL at the level 135.26 stop loss at the level 135.86 target take profit at the level 134.30 or at the level 134.00
EURJPY looks for a new momentum- analysis- 16/2/2015
The EURJPY remains affected by some sideways trading to notice that it is leaning now at 135.30 level, which supports the continuation of the dominated positivity if the price settled above the critical support located at 132.00 level, therefore, we will keep waiting for gathering the required positive momentum to support achieving the previously waited target at 137.70.
Stochastic intraday negativity will support the sideways bias domination in the near period until gathering the required momentum then reaching the previously suggested target.
Expected trading range is between 134.40 and 137.70.
Expected trend for today: fluctuated within the bullish level.
Forex Trading Today
Pair = EURJPY
Date = Monday, 02.16.2015
Fibonacci Pivot point Result
Resistance 3 = 136.40
Resistance 2 = 136.05
Resistance 1 = 135.83
Pivot point = 135.49
Support 1 = 135.14
Support 2 = 134.93
Support 3 = 134.58
Daily Forecast
Pair: EURJPY
Major Trend: Bullish
Time Frame: H1
Reason: Market still going to retest the resistance of the first day, at 135.84, after previously not able to break in support 135.17
Recommendation: Buy now
EUR/JPY Daily Outlook
Daily Pivots: (S1) 134.94; (P) 135.48; (R1) 135.81
4H
The rebound from 130.13 could still extend higher. 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.
Basic levels of EUR/JPY:
136.50: medium-sale offers.
136.20: medium-sale offers.
135.94: Fibonacci retracement level of 61.8% during the course of the pair down from 136.70 to 134.72.
135.80: medium-sale offers.
135.65: Fibonacci retracement level of 50% during the course of the pair down from 136.70 to 134.72.
135.36: the current exchange rate.
134.50: medium Buy requests.
134.65: Fibonacci retracement level rate of 76.4% during the course of the pair emerging from 134.04 to 136.70.
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 04:22 PM ---------- Previous post was at 03:23 PM ----------
EUR/JPY - Technical Report The pair continues providing sideways trading but is still stable above the support of the intraday ascending channel, so we keep our bullish expectations on the short and intraday basis, waiting to head towards 137.80 as the first main target. The pair could face further sideways volatility waiting for technical indicators to provide positive signals that supports the awaited bullishness that requires stabilizing above 134.15.
---------- Post added 02-17-2015 at 02:00 AM ---------- Previous post was 02-16-2015 at 04:22 PM ----------
Support 134.70 134.15 133.55 132.40 131.65
Resistance 135.80 136.45 137.60 137.80 138.20
Recommendation
Positive expectations above 134.15, risk-limit below 133.20.
To day support and resistance date.17/2/2015
Resistance 1:134.80
Resistance 2:135.20
Resistance 3:135.60
Power pivot:134.40
Support 1:134.00
Support 2:133.60
Support 3:133.20
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.
Daily Forecast
Pair: EURJPY
Major Trend: Bearish
Time Frame: H1
Reason: Market reject at 134.08 as the first support. Bet the market will lead to a pivot point 134.68, and higher targets are at 135.28
Recommendation: Buy now with a target of 135.28
analysis for today 2 / 17 / 2015
EURJPY
Resistance : R1 134.68 R2 134.93 R3 135.13 R4 135.43
Support : S1 133.80 S2 133.55 S3 133.35 S4 133.05
Open : 134.53
High : 134.55
Low : 133.93
Range : .62 Pips
Running Price : 134.34
Strategy : SELL at the level 134.34 stop loss at the level 134.68 target take profit at the level 133.35 or at the level 133.05
Spoiler: