Daily Forecast
Pair: EURJPY
Major Trend: Bearish
Time Frame: H1
Reason: Market has touched the pivot point at 129.71 as a point of correction. Furthermore, predicted to be pointing downwards, to the target 128.87
Recommendation: Sell
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Daily Forecast
Pair: EURJPY
Major Trend: Bearish
Time Frame: H1
Reason: Market has touched the pivot point at 129.71 as a point of correction. Furthermore, predicted to be pointing downwards, to the target 128.87
Recommendation: Sell
The euro rose against the yen during the Asian session on Thursday and that the positive Baadalbeanat that came out of the euro zone yesterday, where the PMI manufacturing Spain issued a high rate of 54.3, also released PMI index of manufacturing Italian on the rise also the impact of 53.3 and a final issuance of the final reading of the index of manufacturing PMI at heights rate of 52.2, and released today at 11:30 am GMT results of the monetary policy committee of the European Central Bank meeting
On the other side of the Japanese economy, the markets saw yesterday from Japan, the release of the industrial and non-industrial Altinkan index where the industrial index steady record by 12-level quarterly Unlike expectations, which had been monitoring a rise to 14 on the same level as the other hand, has non-industrial index recorded a rise of 16 to 19 on the quarterly level and better than expected
Which had been monitoring a rise to only 17 at the same level.
*Technically: trading the EUR yen lows uptrend on the frame time and we believe that the pair is going to break this trend soon after he was able to break the downtrend on Frame Daily and re-tested successfully, but we stay with landing the pair as long as still trading lows downtrend on the frame time and the expected goals We are down the levels of 129.10 and 128.70 levels
In the case of break the trend and closing above Venthol directly to buy a pair strongly to target 130.20 then 131.30 levels
daily forecast
Pair: EURJPY
Major Trend: Bullish
Time Frame: H1
Reason: If the market is not able to penetrate down the center line of Bollinger, then the market will go straight to 130.94, but if it can break at 130.03, then towards 129.55 opportunity, for correction.
Recommendation: Sell stop at 130.03
Technically: able to EUR yen from penetration levels downtrend on the frame time and closing above candle hour and then went as we expected him and arrived first our goal at 130.20 levels possible closure of half of the contracts and put the moratorium on the entry and Nntzar second goal for the pair at 131.30 levels
Daily Forecast
Pair: EURJPY
Major Trend: Bullish
Time Frame: H1
Reason: It appears that the market will close the gap in the daily pivot point at 130.49. After that the market will lead to 131.44
Recommendation: Buy limit in 130.49
EUR JPY 131.29 limit you can Sell with Stop Loss 40 PIP take profit 60 pips. Please see
On the long timeframes that i am using like Weekly and Monthly Timeframes, EJ is set up for a bullish trend. It has also fallen for many weeks now and this is another proof that a reversal is imminent.
the pair and as we can see from the chart has closed it's weekly candle above the level of 130.81 , so , that's mean the up trend is still standing and the pair is heading to 131.50 then 132.60
pair- eur/jpy
time frame to analysis- m30
http://i57.tinypic.com/2llhf87.jpg
the down movement of the price is continue supported with the moving average 50 and will in up side. the parabolic sar is now up trend and its break the resistance at 130.92. hold the long entry with profit target at 131.57 and stop loss at 130.23
good luck
The waveform analysis using "Elliott Waves" public image in the price movement is expected during the medium of time to short, it is noticeable that the Elliott Wave Home for the pair moving on a time clock H1 Frame has begun to level (128.40) It is expected that this wave ends near level (131.40)
Spoiler: