Eur/Jpy

[sagar]

medium-term higher low by 108.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a break back below 108.00 concerns.

[siddesh]

If a M15 close above 112.00 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 110.50 sell only and do not buy. If price closes back above it again do nothing

The range 112.00 and 110.50 is neutral area, any trade done in between is personal decision and not part of this analysis

[sagar]

the pair and as we can from the chart has stated it's trading week above the level of 110.00 and that's mean that the up trend is expected and the pair might head to 111.00 and then 112.00 how even if the pair make any howrly correction

[siddesh]

EUR/JPY is possibly regaining medium term downside momentum too. Break of 105.42 will target 61.8% projection of 139.21 to 105.42 from 123.31 at 102.42 first

[sagar]

Below 109.01 will bring another fall attempt. Break of 108.01 will confirm decline resumption for 105.42/106.28 support zone.

[siddesh]

lack of movement from this pair make now clear signal on the main trend for this pair........most of time this pair will remain sideway this week......maybe another break to the low is possible

[sagar]

the chart is showing that the pair has succeeded in closing it's Weekly candle above level 110.00 , and that's mean the up trend is still standing and the pair might head to 111.00 and then 112.00

[siddesh]

Any pullbacks below 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011. Look for a fresh medium-term higher low by 108.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a break back below 108.00 concerns.

[sagar]

Current development raised the possibility that the 105.42 is not yet the bottom. In case of another fall, we'll continue to look for reversal signal ahead of 88.96 low.

[Victoryindia]

EUR/JPY engaged in choppy sideway trading above 108.01 short term bottom last week. Late recovery argues that the larger decline from 123.31 is not ready to resume yet and initial bias is neutral this week.