Eur/Jpy

eur/jpy ko maine kafi niche se buy karke rakha hua hai, abhi bullish hai, uper ja raha hai, already main kafi badiya profits mein hoon, lekin maine apna Take profits 130.50 par rakha hai, bas apne target se thoda sa dur hoon bhai. :)

Spoiler:

http://vvcap.net/db/tED9qM1vSg_jvOMkk1t3.png

Daily Forecast

Major Trend: Bullish
Time Frame: H4
Reason: Probably the market will not reach directly leads to the Fibonacci 423.6, but only retest the resistance at 131.11
Recommendation: Buy

Japan's economic data have disappointed recently, suggesting that the economic recovery is fragile. Particularly in industrial production and retail sales. The Tankan Q1 was also below expectations, current conditions for all industries, suggesting that growth has slowed in Q1. The indices measuring future expectations were also low, suggesting that growth will slow further in Q2 more.

The price of the pair trades yesterday 130.00 to come back to give us some sideway trading due to the loss of Stochastic intention rookie, so we will keep waiting for assembling price upside for the moment again, which will confirm the attempt along the price towards the main goal and stable around 131.35 level.

Note the importance of price stability above 128.70 to avoid a negative fluctuation of any unexpected and thus maintains price stability within the rookie level until the arrival of the previously announced target.

Expected trading range for today between 128.70 and 131.00

daily overview for Eur-Jpy
r3: 132.30
r2: 131.49
r1: 130.99
s1: 129.68
s2: 128.87
s3: 128.37
the pair broke the triangle to up
so our trade for the pair is buy

Changes in short-term price is still bullish but the market has placed a strong resistance (zone 130.35 / 131.67) and this should attract the bears. and this depends the data coming from germany in the next days

Liberation rate pair of side control for the last period is formed by a new upward to prompt thus achieving almost 130.55 level, in general, we will stay on the weighting bullish until the test price to the level of resistance is currently of about 131.20 and then to observe the price to determine the general direction of future period.

Note to try get rid of stochastic saturation level for the purchase price provides the opportunity to assemble in front of a new bullish momentum and is in line with positive moving average 55 and who continue to support the pivotal support at 128.70.

Expected trading range for today between 129.30 and 131.20

the pair is trading under the level of 132.34 , any way if the pair succeeded in breaking 132.34 , it will continue in it's up movements heading to 133.00 and then 133..60

Spread the pair price yesterday to achieve a clear breach of the level of the descending channel resistance and the recently formed awaited target at 131.20, so we will cancel any chance for the return of the price of a mile bearish steadily previous level and expect to try to renew price positive when he arrived the next target at 133.55.

Stochastic is currently settles below the level of saturation of the purchase price provides the opportunity to assemble in front of more bullish momentum and assures us Price attempts to achieve more goals starting from the level previously expected.

Expected trading range for today between 131.30 and 133.55

High EUR yen candle on Wednesday only about 240 points after the decline in US growth levels.
This pair has been able to break through the resistance of the central Frame daily and located on the prices of almost 131.33.
Candle and closed yesterday Nilai signal of the desire of the pair to continue to climb to higher levels.
Indeed, today the pair rose to target a downtrend line despite minor breakthrough, but the pair touched on price 133.70
It consists of the third pivot and then falls back towards the bottom, put the pair now have more retractable boarding the status of stability
Trading and closures of the daily candles highest support 131.30, where to stay above that will pay for the rise again.
The remains any possible landing targets 131.30 for re-tested only.