Eur/Jpy

[raihan8212]

The euro slid against the yen on Monday as investors avoided the single currency and opted for safe-haven venues such as the yen ahead of an E.U. summit this week, where policymakers will discuss Greece and its request for more time to meet fiscal targets.

In Asian trading on Monday, EUR/JPY hit 101.18, down 0.42%, up from a low of 101.04 and off a high of 101.51.

The pair sought to test support at 101.04, the earlier low, and resistance at 101.91, Friday's high.

European Union policymakers will hold an Oct. 18-19 summit in Brussels to discuss Greece's steps towards fiscal health as well as ways to firewall and extinguish the continent's debt crisis.

Greece has requested a two-year extension to meet deficit targets.

The euro on Monday fell as investors sold to await announcements to come from the meeting.

Elsewhere, Spain has yet to request a bailout despite persistent market talk that Madrid is planning to do as such, which weakened the euro further.

---------- Post added at 11:33 AM ---------- Previous post was at 11:26 AM ----------

The euro slid against the yen on Monday as investors avoided the single currency and opted for safe-haven venues such as the yen ahead of an E.U. summit this week, where policymakers will discuss Greece and its request for more time to meet fiscal targets.

In Asian trading on Monday, EUR/JPY hit 101.18, down 0.42%, up from a low of 101.04 and off a high of 101.51.

The pair sought to test support at 101.04, the earlier low, and resistance at 101.91, Friday's high.

European Union policymakers will hold an Oct. 18-19 summit in Brussels to discuss Greece's steps towards fiscal health as well as ways to firewall and extinguish the continent's debt crisis.

Greece has requested a two-year extension to meet deficit targets.

The euro on Monday fell as investors sold to await announcements to come from the meeting.

Elsewhere, Spain has yet to request a bailout despite persistent market talk that Madrid is planning to do as such, which weakened the euro further.

[romannil]

Eur/jpy technical analysis for 15.10.2012 by using : Auto pivot indicator.

resistance 3:102.67
resistance 2:102.30
resistance 1:101.96

pivot point :101.59

support 1:101.24
support 2:100.88
support 3:100.53

[Bieela_cute]

Elliott: flat correction up 102.14
Should test support at 101.23 while below 101.56. If support at 101.23 holds it can rise up to 101.90, if not it should fall to below 100.90 zone.
Technical points
Key point 102.0100
Entry point 101.9000
Elliott 100.1500
Closing 101.5600
Projection 101.7900
Trendline 101.2400
Trendline 102.3300
Supports / Resistances
Res 2 102.2500
Ex-High 101.9200
Res 1 101.9000
Pivot 101.5700
Sup 1 101.2300
Ex-Low 101.2400
Sup 2 100.9000

[paptup]

If EUR/JPY continues its advance into higher levels, it may encounter resistance at 117.80 (May 31 high), 118.50 (April 26 low) and 119.20 (May 3 low).

[Jobs]

Yes indeed pair shows Singhal on growth, there is a very good consolidation above 99.50 ... and it seemed to have a tendency to rise in the euro on the market ... so while considering to buy a pair, with the possible breakdown and consolidation above the resistance level of 103.75, .. .. and then even higher ... 107.70

[Bieela_cute]

EURJPY next week

Elliott: zigzag or flat correction 102.25
Corrective dips should ideally halt near 100.86 or 100.31 for one more thrust upwards towards 102.03 - 102.66 area or 103.76 in extention. Fall below 99.06 puts it back on a downward path.
Warning: Harami
Technical points
Key point 101.7900
Entry point 100.8700
Elliott 99.6400
Closing 101.5600
Projection 102.2500
Trendline 100.1400
Trendline 100.5200
Supports / Resistances
Res 2 103.7600
Ex-High 102.5100
Res 1 102.6600
Pivot 101.4100
Sup 1 100.3100
Ex-Low 100.1500
Sup 2 99.0600

[Vamos]

Well, that picture on the hourly chart looks like a pretty good idea, pierced level tested a few times, so I think the deal with the looming very clear parameters stop below 101.20 and 102.80 capabilities can even ...

[Pioner3]

Evident on the daily chart formed a converging triangle, you need to wait until the release of this figure, but is likely to go on the north (the main trend), as has already happened retreat from the support (which is also a long-term).

[winstead]

Watch the support at 101.10 for a deeper correction could happen if the level is break, eyeing the range 100.50 - 100.13.

[forexking2]

After the pair's attempts to trade the broken bottom of the rising channel, price stability could not negative level to settle the price to rise again above the channel's support level around 100.50.