Eur/Jpy

this pair has shown the maximum volatility this week. i wanted to get long after seeing the 5 day gain and increasing strength in euro, but this week has been a disappointment. i gave long at 102.5 and failed. now i guess a range trading will happen in the next week.

Spoiler:

http://i46.tinypic.com/3535r91.png

On the H1 chart, the price is below EMA 12 and EMA 72 indicates the trend is still down
RSI 50 is below 50 indicates the trend is still down
Recommendation: sell
Range :101.92-100 .46

I think we can keep an eye on the current candle on H4 time frame. If the current candle can close below the 101.30 support level, I think it means EURJPY has broken that level successfully and this pair may falls to the next support level at 100.43. But if fail and EURJPY can close above that level, the current candle will form a pin bar candle and this pair may goes up to the resistance level at 102.19

sell: eurogbp : .7980, tp-1: 20-30 pips, tp2=.7903, tp3 is .7832

sell eurojpy: price=101.20,
sl =101.82,
tp-1= 20-30 pips,
tp2=100.33,
tp3=99.78

On the 4 hour chart noticeable that the pair eur / jpy slowed near the support level of 100.60 (price below this level are not allowed), will likely rebound in the northern direction (or at least a correction), sold only at the break of 100.60.

Quote:

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Originally Posted by petr_ind

Sell at 102.30, Target: 100.30, Stop: 102.90

The single currency only recovered to 102.10 last Friday before running into fresh offers and has fallen again today, adding credence to our bearishness for the decline from 103.85 top to bring correction of recent rise towards 100.13 (38.2% Fibonacci retracement of entire rise from 94.12-103.85) and possibly psychological support at 100.00 but reckon previous support at 99.63 would hold from here due to near term oversold condition.

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From the prevailing mood of the market, the pair is likely to fall yet towards the 99.60 area today, and this is a complex correctional move so we may without for an opportunity to long the old continent currency

EURJPY had touched and had been rejected by the 100.43 support level yesterday. I think EURJPY has a potential to reach the 101.30 resistance level. But if EURJPY can break 100.43 support level, I think EURJPY will fall to the lower support level at 99.49

Eur means European dollar and jpy means japan yen dollar. the pair is one of the main pair of the list. there are some currencies on the main list. from them eur/jpy is main.

The pair settled close trading the dollar against the yen yesterday without 78.00, we get on technician negative factor supports the expected bearish trend scenario in general for the price.
Now, all it takes price is a clear breach and stability below 77.65 to give the expected bearish wave good acceleration towards 76.30 as a key target first.
Expected trading range for today is between: Support 76.30 Resistance 78.55
General tendency is expected for the day: Down