Eur/Jpy

[pritishahfx]

EURJPY resumes the negativity

The EURJPY pair exceeded the previously waited target at 128.70 to notice breaking this level strongly and settle near 127.70, while the stability below 128.70 as an initial resistance allows us to expect resuming the negative attempts to target 126.10 level, which breaking it will open the way towards reaching 50% Fibonacci level at 122.10.

Stochastic keeps its negative stability within the oversold level to add more negative pressure on the upcoming trading, to confirm the attempt to reach the previously mentioned target.

Expected trading range for today is between: 128.75 and 126.10

Expected trend for today: Bearish

[kelvin566]

the cross is in a downtrend due to a big retracement the main resistance is at 129.00 butif it brook up this level it shall go no mre the resistance level at 130.94 the price is in ab=cd gartelly pattren and this pattren is targetting thesupport level at 124.42 first wich correspand to the 61.2% fibonocci expansion

[pritishahfx]

EUR/JPY Tradertip Technical Report and Forecast for Friday 13 February 2015

Corrective dips should ideally halt near 135.27 or 134.80 for one more thrust upwards towards 136.27 - 136.78 area or 137.74 in extention. Fall below 133.77 puts it back on a downward path.

[pritishahfx]

EUR/JPY Tradertip Technical Report and Forecast for Thursday 12 March 2015

Current fall is near an end of wave around 127.17 zone, a rally should then procede to above 129.50. Fall below 126.23 would cancel this scenario.

[ducd3vaizo]

Daily Forecast

Pair: EURJPY
Major Trend: Bearish
Time Frame: H1
Reason: Possible market will perform the last wave, to 127.11, and will go up to 130.88 as the long-term prediction
Recommendation: Sell with a target of 127.11, or Buy the limit there.

[pritishahfx]

EURJPY approaches from the main target- analysis- 11/3/2015

The EURJPY formed strong bearish wave yesterday to achieve 129.20 level, to approach from the main target at 128.75, we recommend monitoring the price behavior if the price recorded the waited target due to its importance to detect the trend in the upcoming period.

We remind you that surpassing the waited target will open the way towards gaining more negative momentum, to extend the trading towards achieving 126.10 level reaching to 50% Fibonacci level at 122.10, while the stability of the current support will force the price to form sideways fluctuated bias due to providing negative momentum by the major indicators, which wouldn’t support any positive rebound currently.

Expected trading range is between 130.90 and 128.75

Expected trend for today: bearish

---------- Post added at 08:16 PM ---------- Previous post was at 07:59 PM ----------

On Tuesday, the EURJPY plunged to the lowest level in near two years by breaking the 61.8% FE of its January decline and is likely stretching its downward journey to test 128 horizontal support. A break of 128 could make the pair vulnerable to test 100% FE, near 125 mark with 126.30 and 126 being intermediate support levels. On the upside, 129.50, including 61.8% FE, and the 130.80, could restrict pair's immediate up-move before it rallies to 132.40 horizontal resistance, breaking which the pair can immediately rally to descending trend-line resistance 134.80 at present, which becomes important resistance to determine medium-term EURJPY moves.

[mianshabbir01]

EURJPY

Purchase PENDING
Form SELL LIMIT
Sell on 129. 20
Consider Profit on 128. 30
Stop Decline at 129. 60.

[kelvin566]

on the hourly time frame the cros eurjpy is trading under his moving average 100 and 50 and ichimuko indicators the main resistance at which we can short is at 130.00 the main thecnical indicator still bearish the rsi is under it 50 level the daily time frame is bearish and a ab=cb pattren is in formation which it targetting the fibonicci expansion level at 124.42 and 117.18

[pritishahfx]

EUR/JPY Daily Outlook

Daily Pivots: (S1) 128.75; (P) 130.30; (R1) 131.15

The break of 130.13 confirmed resumption of whole decline from 149.76. Intraday bias remains on the downside and current fall should target next fibonacci level at 128.50. Break will target 61.8% projection of 149.76 to 130.13 from 136.67 at 124.53. On the upside, above 131.86 minor resistance will turn bias neutral and bring consolidations. But upside of recovery should be limited below 136.67 resistance and bring another fall.

In the bigger picture, a medium term top was formed at 149.76 on bearish divergence condition in weekly MACD. Deeper correction should now be seen to 38.2% retracement of 94.11 to 149.76 at 128.50 first. Based on current momentum, the correction could go deeper to 61.8% retracement at 115.36.

[ng1985]

pair- eur/jpy
time frame to analysis- h4



the price has been break the strong support at the 129.60 level with the parabolic sar short signal. the rsi indicator is also showing strong oversold. here up movemement as correction can expected. hold the short entry with stop loss at 132.80
good luck