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March 18, 2015 update:
The price of the pair moves starting wave (126.91) It is noted that the limits of the line the main direction drawn to this wave along the between-level (129.01) and (127.97 is worth mentioning that the current wave goal access to the area (129.06) and with respect to trades that day will be watching the movement Price among level (128.92) and level (128.64) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (128.08) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (129.16) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (128.07) - the second support (127.54) - First resistance (129.14) - a second resistance (129.69).
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If we look on H1 time frame, we can see EURJPY has been rejected by the trend line and can't break that trend line. So, I can say this pair still in bullish movement. Now, I think this pair is possible to reach the yesterday's high level at 128.55.
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March 19, 2015 update:
The price of the pair moves starting wave (126.91) It is noted that the limits of the line the main direction drawn to this wave along the between-level (128.82) and (128.60 is worth mentioning that the current wave goal access to the area (131.72) and with respect to trades that day will be watching the movement Price among level (130.40) and level (129.27) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (128.27) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (131.77) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (128.40) - the second support (126.58) - First resistance (131.90) - a second resistance (133.59).
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pair- eur/jpy
time frame to analysis- m30
http://i60.tinypic.com/2rwu9u1.jpg
the support of the moving average 50 has been break at the 129.45 level and its continue to the lower support at 128.10 level. the rsi is at the oversold side so again correction can expected. hold the short entry with stop loss at 130.00
good luck
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Basic levels of EUR/JPY:
131.87: Fibonacci retracement level of 61.8% over the range of the pair trading in March between 134.60 and 127.46.
130.30: Sell Offers Medium / stop loss orders.
130.00 / 10 medium-sale offers.
128.95: the current exchange rate.
126.80: Buy requests medium.
126.50: Requests strong buy / technical barrier / stop loss orders.
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Time Frame = Dayly, 2015.20.3
Resistance 3 = 129.92
Resistance 2 = 129.19
Resistance 1 = 128.93
Pivot Point = 128.83
Support 1 = 128.53
Support 2 = 128.31
Support 3 = 128.09
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Daily Forecast
Pair: EURJPY
Major Trend: Bearish
Time Frame: H1
Reason: Market still be a correction in the pivot point at 129.31, then fell to 128.37, as the market opens below the pivot point at 129.31
Recommendation: Sell limit in 129.31
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March 20, 2015 update:
The price of the pair moves starting wave (131.77) It is noted that the limits of the line the main direction drawn to this wave along the between-level (128.77) and (128.67 is worth mentioning that the current wave goal access to the area (126.91) and with respect to trades that day will be watching the movement Price among level (128.13) and level (129.26) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (128.37) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (130.85) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (127.78) - the second support (126.83) - First resistance (130.26) - a second resistance (131.80).
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The pair was able to breach the support of the symmetrical triangle mentioned yesterday, which supports the downside movement to resume over intraday basis . Momentum indicators are positive which delays the suggested bearishness. Our main targets are 129.84 and 100.40, but stability below 130.99 and most importantly below 131.50 is critical for our scenario
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March 23, 2015 update:
The price of the pair moves starting wave (126.91) It is noted that the limits of the line the main direction drawn to this wave along the between-level (129.10) and (128.86 is worth mentioning that the current wave goal access to the area (131.72) and with respect to trades that day will be watching the movement Price among level (130.12) and level (129.42) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (128.71) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (130.70) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (128.85) - the second support (127.78) - First resistance (130.84) - a second resistance (131.77).
Spoiler: