Eur/Jpy

March 26, 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 (131.23) and (130.91 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 (131.42) and level (131.16) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (130.59) 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 (131.41) 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 (130.64) - the second support (130.20) - First resistance (131.47) - a second resistance (131.85).

Basic level of EUR/JPY:

131.66: Fibonacci retracement level of 61.8% over the range of the pair during the month of March between 134.60 and 126.91.

131.50: medium-sale offers.

130.87: Fibonacci correction rate of 76.4% during the pair's trading range throughout the day between 131.11 and 130.18.

130.66: the current exchange rate.

130.44: Fibonacci retracement level of 61.8% during the course of the pair emerging from 130.18 to 130.87.

130.14: Fibonacci retracement level of 61.8% during the course of the pair emerging from 129.29 to 131.52.

129.76: Fibonacci correction rate of 38.2% during the course of the pair emerging from 126.91 to 131.52.

129.50: Buy requests medium.

129.21: Fibonacci retracement level of 50% during the course of the pair emerging from 126.91 to 131.52.

pair- eur/jpy
time frame to analysis- m30

http://i60.tinypic.com/ivydtv.jpg

the price is moving in the down trend side with having resistance at 130.90 level and support at the 129.70 level. the rsi indicator is also moved to the oversold level so up movement for the channel pattern can expected. long with stop loss at 129.23
good luck

the pair and as we can see from the chart has closed it's weekly candle above the level of 129.94 , so , that's mean the up trend is still standing and the pair is heading to 130.50 then 131.00

Since mid this month, the pair began the process of upward correction up after the previous wave landing. Where the fact that the pair Frame four hours a bullish channel is still going inside without breaking down. This and the lower leg of a pair of rookie of 3 Artkazat trend line is made up until this moment. Therefore, we believe that the status of the pair broke the rising trend and closing candle Adnanah four hours will be succeeded Then salable and landing target toward horizontal support at around 129.25 Almost rates, with respect to Climb condition continued to rise without any break of the channel will target the pair hit resistance Almost 13180.

the pair and as we can see from the chart has closed it's daily candle under the level of 129.13 , so , that's mean the down trend is still standing and the pair is heading to 130.13 then 131.13 but the uptrend is still standing

March 27, 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 (130.79) and (131.17 is worth mentioning that the current wave goal access to the area (128.77) and with respect to trades that day will be watching the movement Price among level (129.92) and level (130.41) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (129.50) 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 (131.10) 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 (129.07) - the second support (128.48) - First resistance (130.67) - a second resistance (131.69).

For the euro EU has been issued from Germany, consumer confidence and the index, which recorded a rise of 9.7 to 10.0 at the monthly level better than expectations, which had been monitoring a rise to 9.8 only on the same level, and in return has issued the rate of rise in private loans, which recorded a decline of 0.1% on the annual level other than expectations, which were monitored rise by 0.1% on the same level, today at ten am Arabia issued the German import price index and is forecast to rise by 0.5% on a monthly basis compared Bankhvadh by 0.8% in the previous reading and finally at one pm will be issued from Italy, retail sales and forecast results indicate rising by 0.1% on a monthly basis
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Vinyatmcn euro EU in front of the Japanese yen from landing and break the uptrend present on the frame of four hours, unlike our expectations yesterday where we expected that the pair of apostasy from the trend line and climb even breach the resistance levels of 131.59, but fell pair and breaking levels uptrend, and therefore it We have an effective closing of the sale transaction candle prey for Trend of 129.72 and expect it to continue selling the pair until the 128.10 level then 127.20

The euro fell against major currencies yesterday, and it was also the case against the yen over 100 pips in one day. There will be no indicator directly related to these two currencies in the program of this last day of the week. Note however that the news is pretty loaded right now in the eurozone, and can result in strong movements in Forex.

the pair and as we can see from the chart has closed it's daily candle under the level of 130.09 and beside 129.00 , so , that's mean the down trend is still standing and the pair is heading to 128.50 then 128.00