Spoiler:
On the hourly chart the price is below 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
50 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Take profitt: 109.56
Thread: Eur/Jpy
On the hourly chart the price is below 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
50 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Take profitt: 109.56
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Date: 2012/12/21
Ticker: EURJPY
Pivot: 111.45
1st sup. 110.3
2nd sup. 109.9
3rd sup. 109.45
1st res. 111.45
2nd res. 111.8
3rd res. 112.15
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As long as price stays below ema 50, the trend will remain bearish trend
During the last MACD below the level 0, the trend will remain bearish trend
Trend: Bearish
Target: 109.78
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Today’s technical analysis-
analysis with H1 time frame we can see that price is not able to hold at the supporting level 110.90 level and breakout the support. there is more possibility that today price will its lower support at 110.15
Resistance 3- 113.71
Resistance 2- 112.92
Resistance 1- 112.33
Pivot point- 111.54
Support 1- 110.95
Support 2- 110.16
Support 3- 109.57
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EUrJPY cannot break wednesday's high, the pair is now moving downside, making 86 points range. I think it will targeting to yesterday's low at 110.73
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An interesting situation is formed on eur / jpy, after the breakdown of the inclined support level had to close some positions, but the couple again found support around 110.85 and then broke the resistance of 111.50 and now test it but as a support, it seems to me that the trend is again resumed and the course still comes down to at least 112.42.
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Pre-Signal Analysis: too bearish
Recommendation: if only the 23.6 fib = 110.95 can be uprooted sellers that sell opportunities to grab.
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as we can see from the chart has success in breaking the level of 109.00 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 108.00 then 107.50 , good luck
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As it has been lately discussed, and depicted here, the 111.00 region of resistance has been taken out convincingly by the bulls and also registered fresh highs above that. The chart structure now suggests, a move lower should materialize any time soon. The prices are expected to reach at least 108.00 levels before a meaningful rally resumes. Furthermore, this is re-enforced by the past resistance turned support region as well. Next Fibonacci resistance comes at 118.00 level, while support begins from 106.00 and followed by 105.20 levels. It is recommended to go short during intraday rallies towards 111.50 region, to take advantage of the short-term bearish setup.
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As long as price stays below ema 50, the trend will remain bearish trend
During the last MACD dibawahlevel 0, the trend will remain bearish trend
Trend: Bearish
Target 111.7
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