daily overview for Eur-Jpy
r3: 130.00
r2: 129.38
r1: 128.43
s1: 126.86
s2: 126.24
s3:125.29
the pair broke the triangle to up
so our trade for the pair is buy
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daily overview for Eur-Jpy
r3: 130.00
r2: 129.38
r1: 128.43
s1: 126.86
s2: 126.24
s3:125.29
the pair broke the triangle to up
so our trade for the pair is buy
A return below 127.13 / 92 adds a lot of weight on the pair. The losses last week were significant. The objective of the "triangle" is on 124.35. Short-term significant resistance is on 128.40.
daily overview for Eur-Jpy
r3: 130.00
r2: 129.38
r1: 128.43
s1: 126.81
s2: 126.24
s3:125.29
the pair broke the triangle down
so our trade for the pair is sell
Trading Signal - 13/04/2015 - 10:00 (GMT +2)
Instrument: EURJPY
Time : 60min CHART
Trend & Condition : Downwards Weak
Waiting for the upward break of 127.80 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 127.18 would cancel the bullish scenario.
Support & Resistances :
126.40 128.10
126.10 128.60
125.70 129.50
http://dl.dropbox.com/u/51561036/scr...414-003251.png
pair- eur/jpy
time frame to analysis- m30
http://i59.tinypic.com/23staid.jpg
the major trend of the price is continue down side and its up movement is rejecting with the resistance of moving average 50. now the price hit moving average 50 at 126.75 level so again down movement can setup. short with stop loss at 127.75 and profit target at 125.23
good luck
The price is in downtrend because it is below the Ichimoku Kumo Cloud and EMA 200 in H4 chart. But the Kumo Cloud is flat. This will create the attraction of price. So,Eur/Jpy is still in bearish trend due to greece elections and they still struggling. If this continues then next target will be 127.30.
daily overview for Eur-Jpy
r3: 128.97
r2: 128.39
r1: 127.67
s1: 126.37
s2: 125.79
s3: 125.07
the pair can not break the support to down
so our trade for the pair is buy
Constant moving average above the 55 level 128.75 increases the negative pressure and opportunities for acquisition price for the determination of the downward until the arrival of the main goal.
Expected trading range for today between 127.25 and 125.00
The tendency for this year is expected today: Down.
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: Market has been rejected and is above the pivot point at 126.79. Furthermore, for long-term predictions of the market will lead to 128.20
Recommendation: Buy
Stochastic get rid of the saturation level of sale to allow an opportunity for the price to gain more momentum within the near and supports the negative trades until the arrival advertised price of the target.
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Expected trading range between 176.60 and 174.20.
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The tendency for this year is expected today: Down.