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EUR/JPY Daily Outlook
Daily Pivots: (S1) 134.94; (P) 135.48; (R1) 135.81
4H
Intraday bias in EUR/JPY remains neutral for the moment. While the recovery from 130.13 could still extend, 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 12:38 PM ---------- Previous post was at 09:52 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 07:41 PM ---------- Previous post was at 12:38 PM ----------
EURJPY is weak- analysis- 17/2/2015
The EURJPY reached 133.90 level yesterday, affected by the negativity of the main indicators to delay the bullish expectation, and to form a fluctuated bias until gathering a new bullish momentum that supports the rally towards achieving 137.70 level, which formed the waited target in the previous report.
Now, we expect the continuation of the fluctuation if stochastic continued to form a bearish wave but we remind you that the stability of the price above 132.20 level confirms the stability of the price within positive level due to forming a strong support as appears in the above image.
Expected trading range is between 133.40 and 135.60
Expected trend for today: fluctuated.
---------- Post added at 08:02 PM ---------- Previous post was at 07:41 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.
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.
---------- Post added 02-18-2015 at 03:45 AM ---------- Previous post was 02-17-2015 at 08:02 PM ----------
EUR/JPY Technical Analysis: Downtrend Resumption Pending
Talking Points:- EUR/JPY Technical Strategy: Flat
- Support: 133.81, 132.04, 129.17
- Resistance:137.64, 139.95, 142.27
The Euro may be readying to turn lower anew against the Japanese Yen anew having put in a bearish Evening Star candle pattern after bouncing as expected. A daily close below the 14.6% Fibonacci expansion at 133.81 exposes the 23.6% level at 132.04. Alternatively, a reversal above the 38.2% Fib retracement at 137.64 opens the door for a test of the 50% threshold at 139.95.
Positioning is inconclusive at this point, with prices offering no clear-cut and actionable signal to initiate a long or short trade. We will continue to remain on the sidelines for the time being, waiting for a compelling opportunity to present itself.
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analysis for today 2 / 18 / 2015
EURJPY
Resistance : R1 136.50 R2 136.75 R3 136.95 R4 137.25
Support : S1 135.35 S2 135.10 S3 134.90 S4 134.60
Open : 136.06
High : 136.10
Low : 135.75
Range : .35 Pips
Running Price : 135.85
Strategy : BUY at the level 135.85 stop loss at the level 135.35 target take profit at the level 136.95 or at the level 137.25
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The results of the pivot point calculations based on daily time frame prediction and analysis of price movements
Pair = EURJPY
Wednesday, February 18, 2015
High = 136.23
Low = 133.93
Close = 136.05
Pivot Point Result
R3 = 139.18
R2 = 137.70
R1 = 136.88
PP = 135.40
S1 = 134.58
S2 = 133.10
S3 = 132.28
analysis of price movements
If Buy Limit at = 135.23
TP = 136.23
SL = 133.75
IF Buy Stop at = 136.70
TP = 138.35
SL = 133.93
If Sell Limit at = 136.23
TP = 135.23
SL = 137.05
IF Sell Stop at = 133.93
TP = 132.45
SL = 134.75
Trend = Neutral
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What euro yen movements remain in the patch with the inability of the price on the top closures 136.25 and false attempt to penetrate the rising trend line drawn on the bottoms of the patch scale. The movement became slower, with a ****ual loss momentum is clearly on the MACD indicator.
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EUR/JPY Daily Outlook
Daily Pivots: (S1) 134.58; (P) 135.40; (R1) 136.88
4H
Intraday bias in EUR/JPY remains neutral for the moment. While the recovery from 130.13 could still extend, 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 10:58 AM ---------- Previous post was at 10:48 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.
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Daily Forecast
Pair: EURJPY
Major Trend: Bearish
Time Frame: H1
Reason: There are two possibilities, the market will reject at the pivot point at 135.41, or reject at 134.81. If dililhat of TF daily, the market is still going to get to the top.
Recommendation: Buy Limit at 134.81
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EURJPY attempts to gain new momentum- analysis- 18/2/2015 The EURJPY pair attempted to form bullish wave in yesterday’s trading, affected by stochastic attempt to form a bullish wave to ...
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pair- eur/jpy
time frame to analysis- m30
http://i62.tinypic.com/scdgf9.jpg
the support of the moving average 50 has been break and also making a pull back with strong bearish candle. the parabolic sar is also in the down trend side. short with the take profit at 132.60 and stop loss abvoe the 136.40 level. the movement of the rsi is also below the 50 level.
good luck
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EURJPY: consolidation below the 136.21 resistance level
EURJPY
Feb. 18, 2015, 08:46
Buy on a level breakthrough of 136.21 with 137.54 target. Stop loss = 135.70.
Reason for the trading strategy
The weakness of the yen paired with the dollar and the strong macro-economic statistics for the euro zone have provided support for the EUR/JPY pair. Today, Greece will apply for a bridge loan from the ECB once again. On a resistance level breakthrough of 136.21, opening long positions in the EUR/JPY pair is worth considering.
EURJPY, H4
https://www.exness.com/media/media/2015/02/18/2_1.png
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Following a drop 130.00 mark to test its lowest level since Sept. 2013, the pair has been steadily marking some recovery as depicted by formation of an ascending trend-channel on short-term chart. However, when taken in context with the pair's fall from Dec. 2014 high, the short-term ascending channel seems to constitute towards formation of a bearish Flag chart pattern, possibly indicating resumption of near-term bearish trend once the lower trend-line support of the channel is broken. Hence, a decisive break below the lower trend-line support, currently near 134.30 would mark resumption of the depreciating move and the pair could immediately test 132.40-50 intermediate support. Further, the pair might remain vulnerable to continue weakening, even below 130.00 mark, towards testing 18.20-128.00 support area. On the upside, 136.60 horizontal zone, closely followed by 137.40-60 strong resistance area, marked by the upper trend-line resistance of the ascending channel, are likely to restrict further recovery for the pair.
Spoiler: