Eur/Jpy

pair- eur/jpy
time frame to analysis- m30

http://i62.tinypic.com/11v2sxy.jpg

the up movement of the price is having strong resistance with moving average 50 and continue rejecting down side. the price is again rejecting from resistance at 129.70 level. hold the short entry with profit target at 128.57 and stop loss at 129.94
good luck

daily overview for Eur-Jpy
r3: 131.03
r2: 130.69
r1: 130.09
s1: 129.15
s2: 128.81
s3: 128.21
the pair broke the triangle to down
so our trade for the pair is sell

Keep the price of the pair on the persistence of below average axis moving 55 assures us Tmaxh control negative even trading this moment, so we will stay pending attack the price to the level of support at 128.75 and awaiting done to break this level to open the way for him to incur more losses starting from 127.00 down to the level of 124.90.

Attempt to access Stochastic saturation level sales support we expected and provides turn bearish momentum required to achieve the expected goals previously.

Expected trading range for today between 130.45 and 128.70

The price of the pair maintains stability below the average axis moving 55 assures us Tmaxh control negative even trading this moment, so we will stay pending attack the price to the level of support at 128.75 and awaiting done to break this level to open the way for him to incur more losses starting from 127.00 down to the level of 124.90.

daily overview for Eur-Jpy
r3: 130.96
r2: 130.36
r1: 129.44
s1: 127.92
s2: 127.32
s3:126.40
the pair broke the down trend to up
so our trade for the pair is buy

Stochastic trying to find new opportunities to provide negative momentum rid of the saturation level sales and price supports that attempts to register the previously stated goals.

Expected trading range for today between 129.30 and 127.00

The tendency for this year is expected today: Down.

+350 Pips
https://charts.mql5.com/7/509/eurjpy...markets-as.png

r3: 130.96
r2: 130.36
r1: 129.44
s1: 127.92
s2: 127.32
s3:126.40

EURJPY
April 10, 2015, 10:01
Sell on a level breakthrough of 128.03 with 127.00 target. Stop loss = 128.53.
Reason for the trading strategy
In February, the volume of industrial production did not change in France, the index was expected to decline by 0.1% (m/m). Meanwhile, the volume of manufacturing output in February was minus 0.8% (y/y), being worse than the expected minus 0.3% (y/y). The statistics on France, which is the second largest economy in the euro zone in terms of GDP, looks weak and puts pressure on euro cross rates.
EURJPY, H4
https://www.exness.com/media/media/2015/04/10/2_1.png

If EUR/JPY continues its advance into higher levels, it may encounter resistance at 117.80 (May 31 high), 118.50 (April 26 low) and 119.20 (May 3 low). To the downside, support levels lie at 117.16 (May 20 high), 116.90 (May 11 high),

Spoiler:

http://vvcap.net/db/GHET8M2p4OmGpPBm9uTd.png

Daily Forecast

Major Trend: Bearish
Time Frame: H1
Reason: bolloinger indicator has pursed, menadndakan the possibility of a break of support / resistance. Predicted market will still be touching the pivot level at 127.81, and will go down again penetrate support at 127.21
Recommendation: Sell limit in 127.81