Thread: Eur/Jpy
The currency pair has broken everything that was possible. Starting next week, expect another small increase to 127,630, from where the descent is possible correction to the area 126 or slightly lower. After that, it is advisable to look for points for purchases. It seems that the global upward trend is not over yet, this was a correction. Better get up on it.
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As you see in my following attached chart, Double bottoms has been formed, so more up movements are still expected targeting the next resistance@ 130-131 regions, it is better to buy the pair @ the market opening.
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elliott exagreated impuse wave up 126.60 current rise seems to be over near 124.63 or 126.45 for a retracement towards 1.22.81 - 121.89 area
suuport and resistances
res1 128.29
res2 126.45
piovt 122.81
sup1 120.97
sup2 117.32
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eurjpy binocular solely bounced because of her program 114..
in my opinion nowadays her instance of this binocular to move into.. it is invested in because of in this case up to the point 117..
thsi binocular is absolutely not explaining much more progress.. particularly nowadays her signal are actually implying of this a lot of basically.
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until now I was always observing the movement of the currency pair EURJPY. I'm sure EURJPY will form a new high as that done by the GBPJPY USDJPY or even all currencies that are being opposed jpy, if on this night was not achieved high will likely be resolved by stepping up which will take place on Monday
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The europe compressed the period around 102.50, which is a force rear from the Weekday's luxuriously. The price is exploit up higher after the advantage place which brought it kill to 99.69 region. Investigating 103.80 module be the close neutral
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EUR / JPY continues to correctional southern decline, the time schedule loomed horizontal resistance above 124.40 which is a couple of hours is not allowed, also continues practiced sell signal MASD, to 124.40, and expect to continue falling to 124.00 and 123.60, stop (and a possible coup in purchase) above 124.50.
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EUR JPY
From 07:27 05-Apr-2013 GMT
Till 11:27 05-Apr-2013 GMT
Buy
Buy at 124.26
Take profit* at 124.68
Stop loss at 123.88
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I wanted to share a little about my daily life in the trade, this time about the pair Eur/Jpy.
I Sell limit from 124.55
by SL: r1
do not forget to take profit at s2
Tf :M30
Daily Info :
Support 1: 120.94
Support 2: 117.29
Support 3: 115.45
pivot: 122.78
Resistant 1: 126.43
Resistant 2: 128.27
Resistant 3: 131.92
All analyzes were performed using the indicator I Stochastik, indicators that make me proper analysis.
Analysis for today's 05-Apr-2013
#Happy trading
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EURJPY pair saw movement in the daily timeframe seems bullish strength of this pair and also restrained by the resistant line channel as depicted below. but we must be aware of the power of the bullish power really strong candlestick that has formed close of yesterday. see there will be big news NFP we should be wary.
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