Thread: Eur/Jpy
Just returned from the fighting 114. EURJPY.
Know that not today "today is the season for this particular match to move ... It is usually prepared this end 117 ...
This match, however, does not show much go ... but today is usually just as many suggest only characters.
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Pivot levels today:
R3: 133.51
R2: 132.79
R1: 131.70
PP: 130.98
S1: 129.89
S2: 129.17
S3: 128.07
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forcast: Price may fall to 128.07.
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eur/yen is currently in b wave triangle and my count has changed a bit with b wave triangle we might see a bit of upside momentum but target still remain 118.80 for the large second wave correction but how we get there is very important and how we enter is also very important
130.16 is intraday support with a break of 130.16 we might get 127.73 very soon take look at the chart with immediate entry on the pair
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Eur/jpy analysis for 06.03.2013 by using pivot indicator.
r3: 133.47
r2: 132.76
r1: 131.67
pivot: 130.96
s1: 129.87
s2: 129.16
s3: 128.07
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
EUR/JPY
The Camarilla Pivot Point Levels of EUR/JPY for today.
Resistance 4= 131.47
Resistance 3= 131.02
Resistance 2= 130.87
Resistance 1= 130.72
Pivot point= 130.96
Support 1= 130.42
Support 2= 130.27
Support 3= 130.12
Support 4= 129.67
Suggestion:
We recommend that you don’t trade in area 130.42 - 130.72.
Beware if the price break 130.87, It’s most likely that price would be bullish to 131.02 or 131.47. Conversely, if the price penetrate 130.27, it is most likely that prices will continue to bearish the 130.12 or 129.67.
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eur/yen is the pair who has shown some strength recently due to euro outperformance in recently currency declined speciall commodity oriented currency But eur/yen is not too far from the decline look for a decline 129.90 on daily basis then stop should be placed at 130.60 and then 126.50 will be the target for Wave A and then minor correction of wave B and then powerful decline of wave C towards 119.00 area
This is the road map of eur/yen
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The currency pair euro-yen and candlestick analysis, we have confirmation of the expected decline on Friday was a clear body of the previous bearish engulfing bullish candle, which also confirms the expectation of working out the nearest target reduction in the 128y figure at around 128.43, and the candle on the monthly chart has a high upper shadow, indicating that the pair sell, we'll see...
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i think this pair is advance in this platform many traders work in it and help in this pair becoz all these pair help in it many traders if you are chose pair so you are good work in it
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
elliott irregular flat correctione up 132.36 it looks set for gains to 132.19 support at 130.82 and 130.44 abreak of 129.45 will damage this bullish
res2 132.95
res1 132.19
pivot 131.20
sup 130.44
sup2 129.45
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