On the daily chart the pair much today went to long-term support level, sloping noticeably that the rate stayed near him, I think that will now be formed of at least the northern correction (and perhaps that of the resumption of the northern trend).
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On the daily chart the pair much today went to long-term support level, sloping noticeably that the rate stayed near him, I think that will now be formed of at least the northern correction (and perhaps that of the resumption of the northern trend).
Support this past 99.50 level today and Fibonacci extensions leads to 100.13. Keep looking at two things, it would be safe to remain in the sale and use intraday increase as an opportunity to open short positions.
||||Good starting point for the continuation of the southern movement can become Ichimoku cloud base (level 100.95), above which the rate for hours is not allowed, as a pair changed its primary trend (since the rate is trading below the cloud).||||||
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The pair eur / jpy today penetration resistance level at 100.37 and continued to decline rebounded strongly support content for the level of 100.10 to rise strongly, reaching levels 100.96 and then resides SMA 55
A saturation signals with stochastic Asdam moving average 55 supports the bearish scenario in the coming period to reach the levels of 99.83
On the H1 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
50 RSI is below 50 indicates area trend is still down
Recommendation: sell
TP: 99.34
The asian trading Wednesday Eurjpy hit up 100.43 for 0.07% from low of 100.25 here will be of high 100.47 that why pair sought test support 100.17 on Tuesday's will be low and resistance will be at 101.05 tuesday's high. index full to 101.4 setember to august 102.3 on this record.
ivot: 101
Our preference: Short @ 100.93 with targets @ 99.65 & 99.05 in extension.
Alternative scenario: Above 101 look for further upside with 101.7 & 102 as targets.
http://cache.mail.yandex.net/mail/b2...0129267515.GIF
It may be an option for a temporary downtrend that realistic considering the position of the euro is still vulnerable to a variety of news about the Greek exit from the euro zone ... but the increase will only occur if the BOJ intervened to weaken its currency ..... let see
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Could not pair Eur/ Jpy further significant decline since yesterday from 101.02 levels
SMA 55 putting pressure on the price to drop, while stochastic gives a positive signal for the rise, making price fluctuates now around the levels of 99.90
The pair closer to the drop in the short term to reach levels around 99.55
EURJPY is moving between the support and resistance level now and I also think this pair is in consolidation.
If EURJPY can break 99.49 support level, this pair will continue the down trend to the next support level at 98.45.
But if EURJPY can break 100.43 resistance level, EURJPY will go up to the next resistance level at 101.30
Spoiler: