Pair : EURJPY
Updated : Fri, Mar 22 12:33
Price : 122.49
Movement : 9.3 Pips
Movement : 0.08%
Support : 120.63
Pivot : 122.94
Resistance : 125.25
Thread: Eur/Jpy
Pair : EURJPY
Updated : Fri, Mar 22 12:33
Price : 122.49
Movement : 9.3 Pips
Movement : 0.08%
Support : 120.63
Pivot : 122.94
Resistance : 125.25
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Eur/jpy technical analysis by using moving averages.
date : 03.22.2013
time : 0430 GMT
time frame : 15 min
sma200 : 123.26 signal- sell.
sma100 : 122.97 signal- sell.
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Eur/jpy analysis for 03.22.2013 by using pivot indicator.
r3: 127.56
r2: 126.02
r1: 125.10
pivot: 123.56
s1: 122.64
s2: 121.10
s3: 120.18
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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.
elliott common flat correction up 96.59
currently up trend should end around 96.07 - 96.49 area acorrection down to below 95.19 is expected arise above 96.96 will abort the expected correction
support and resistance
res2 96.96
res1 96.49
pivot 95.66
sup1 95.19
sup2 94.36
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I think EURJPY will be down. Price action became downer. So can we open any sell entry. Any specialist able here for suggest us.
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EUR / JPY is now almost the entire day was falling, now rate went up and ran into a slanted medium level of support, 2 hour candles have a long lower wick indicates that increased activity of the bulls, the bears will probably take profits, all of which should lead to at least correctional movement in the northern area of 123.00 as a minimum figure.
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According to the candle pattern on H4 time frame, we can see that the current candle is breaking the support level at 122.50.I think EURJPY fall and reach the support level at 121.70. But if fail to break this support level, EURJPY will go to the resistance level at 123.30.
stoch and cci indicator are move out form the oversold area. and price is also not able to break the support level at 122.40 in the h1 time frame. we can long this pair to the target resistance at 124.00 and the stop loss is at 122.00
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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.
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