SubscribePair seems to start to resume growth in the North, after the correction of lateral movement with the subsequent formation of a triangle formed just a couple of broke it northern border of the figures that signaled a long entry on the main trend.
Thread: Eur/Jpy
Pair seems to start to resume growth in the North, after the correction of lateral movement with the subsequent formation of a triangle formed just a couple of broke it northern border of the figures that signaled a long entry on the main trend.
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The pair rose sharply yesterday. If the pair is stable above 116.15 levels than we should expect that the pair headed towards the 122.15 levels. However, we should not negates the slight downside correction as the pair reaches overbought condition in RSI. According to my chart analysis, I prefer to buying the pair above 117.50 with targets 118.00, 119.00 then 119.85 and stoploss with four hour candle closing below 116.15.
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Spoiler:
On the Hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profit: 121.92
SL: 115.78
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Today(11-1-13 ) pivot point are-
Resistance 3- 121.88
Resistance 2- 119.84
Resistance 1- 118.83
Pivot point- 116.79
Support 1- 115.78
Support 2- 113.74
Support 3- 112.73
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Actually, day by day this currency pairs ascending movements & upwards. so i think, it is come up 118.50 this month. now buy order is best for trading in foerx market profit.
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Today the course was able to break through a series of strong resistance zone of 115.50 and 116.00 are the figure, the pair made clear its intentions to the north, is worth looking for a good entry point to buy, still think it will be slightly below the 116.00 figure.
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The pair continues to amaze strong northerly growth rate after the news broke easily 115.90 resistance and reached a new monthly high, forget about sales can now expect a small correction to enter the shop in the main trend.
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The pair is moving upside in the ascending channel and the pair eyeing a test of 116.15 areas. A break below the 116.15 indicates that the pair more potential to move upside. According to my chart analysis, I prefer to buying the pair above 114.70 with targets 115.50, 116.55 then 116.55 and stoploss with four hour candle closing below 113.70.
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For EURJPY - this also on sideways I see, no nice candle that can be play for now here. Price on look still move slow near that pivot 114.61. Ignore this pair (first) is better idea for now.
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Time frame- H4
it is moving in channel form. upper side price level 115.36 is offering a good resistance if this will break then price will hit the next resistance at 115.91
in lower side 113.90 is strong support it this support level is break then price will hit to lowest support at 112.40
Today(10-1-13 ) pivot point are-
Resistance 3- 116.82
Resistance 2- 115.91
Resistance 1- 115.36
Pivot point- 114.45
Support 1- 113.90
Support 2- 112.99
Support 3- 112.44
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