Thread: Eur/Jpy
To be honest a little surprise after opening bet with gepom below, and in the first minutes of the price began to fall ... it seemed that they must go to 112.5, but the Japanese currency made a surprise for the new year, and struck a mini level of 113.9 and dug up, so my opinion is that the trend is very strong .. better not to go against him and then break off ... and do not ask what was the name ... seek positions only for purchase ..
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eur/jpy m30 market analysis by adx
adx : 22.7832
+di : 19.5106
-di : 14.9071
date : 31.12.12
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eur/jpy technical analysis by using : average directional movement index
adx : 22.7496
+di : 23.6787
-di : 16.8017
timeframe : 1 hour
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eur/jpy technical analysis by using : adx
adx : 36.3199
+di : 24.6593
-di : 14.6699
timeframe : h4
time : 1600
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i am muhhammad ilyas from www.4everfx.com , eurjpy is also bullish but eurjpy is might be go some down if its close below 114.730 then its hould go down 150-200 pips thanks
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Weekly Overview
The pair continued to move up after breaking the trendline and now it breaks the horizontal resistance too. The Linear regression indicator also indicates the positive movement. According to my chart analysis, I prefer to buying the pair above 113.00 with targets 114.00, 115.00 then 116.20 and stoploss with four hour candle closing below 111.70 might be appropriate for this week.
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In the last period the price of the Euro yen resistance at 114.70 and now we find at the level of 113.55 and the bullish trend remains in control of the pair traded steadily support level at 112.00 and the expected targets up to 116.00 then 117.50
*Support 112.4
*Resistance 116.00
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eur/jpy technical analysis by using : adx
adx : 11.6811
+di : 15.3195
-di: 13.9110
timeframe : 1 hour
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the analysis base on TF H1.
the price below MA [200] the best choice is BUY
Target:114.52
SL: 112.82
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