Eur/Jpy

H4 chart demonstrates that we still have not any chance yet , so i think the pair is moving in a rectangle now and if the price continue in bullish direction the best sell will be near the resistance level @0% fibonacci , also the best buy will be near the support level @fibonacci 23.6% ,


Attachment 4001

Support & Resistance 27/08/2012

Sup 1 : 98,86
Sup 2 : 99,27
Sup 3 : 99,72

PIVOT : 98,41

Res 1 : 98,01
Res 2 : 97,56
Res 3 : 97,15

Here are a few signals to the south ... crossing the green line Ching span the price chart from top to bottom, "dead cross" - the intersection of two moving, I think a couple will fall. but to sell to wait for a break Ichimoku cloud top.

I continue to hold a short position, a couple hours on the schedule drawn sloping resistance level that has not been able to overcome a few hours at a time, for her, I hid his feet.

Euro / JPY pair still progressing wobbling as he finds strong resistance at 98.75 and resistance that will determine our future direction if the pair was able to penetrate will see the rise to levels far

eur/jpy is great pair so i think how to use eur/jpy and how to tack profit if eur up then jpy down if jpy up then eur is down so you must be analysis between pair.

Quote:

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Originally Posted by Projapoty

My favourite pair is EUR/JPY. I like it so much.Cause it have some nice move.Today we see a great move in this pair in Asian Session.
Its move from 98.50 to 97.85 Its so wonderful.There have a chance to go fall more deep.
Pivot is at 98.50 and the major support is at 97.50

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i was just reading the posts here, about euro jpy, i did not traded the pair before, but i think it is good pair, and now i am interested in it, as from your post i got some idea about support and resistance levels, now i am going to trade it..

http://i49.tinypic.com/2ytybkp.gif

The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 96.90 and key resistance at 99.85. Based upon my chart analysis, I prefer to buying the pair above 97.75 with targets 98.60, 99.00 then 99.30. and stoploss with four hour candle closing below 96.90.

The course still managed to overcome sloping resistance level, and now it has appreciated steadily above it, but until further growth still hampered by the horizontal level of 98.75, at the break that I buy.

Thise pair we can sell it at 98.70 sl\99.20 tp\97.80