Thread: Eur/Jpy
D1
In the bigger picture, the break of 134.13 support should confirm medium term topping at 149.76, on bearish divergence condition in weekly MACD. Deeper correction should now be seen to 38.2% retracement of 94.11 to 149.76 at 128.50 first. Based on current momentum, the correction could go deeper to 61.8% retracement at 115.36.
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The results of the pivot point calculations based on daily time frame prediction and analysis of price movements
Pair = EURJPY
Friday, February 20, 2015
High = 135.94
Low = 134.94
Close = 135.21
Pivot Point Result
R3 = 136.79
R2 = 136.36
R1 = 135.79
PP = 135.36
S1 = 134.79
S2 = 134.36
S3 = 133.79
analysis of price movements
If Buy Limit at = 134.64
TP = 135.94
SL = 134.21
IF Buy Stop at = 135.06
TP = 136.21
SL = 134.94
If Sell Limit at = 135.94
TP = 134.64
SL = 136.51
IF Sell Stop at = 134.94
TP = 134.51
SL = 135.51
Trend = Neutral
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EUR/JPY Daily Outlook
Daily Pivots: (S1) 134.79; (P) 135.36; (R1) 135.79
4H
EUR/JPY continues to lost upside momentum ahead of 137.63 minor resistance and intraday bias stays neutral. As noted before, while the recovery from 130.13 could still extend, we'd expect upside to be limited by 137.63 resistance and bring fall resumption. Below 132.53 minor support will turn bias to the downside for retesting 130.13 first. Break will extend recent down trend and target next medium term fibonacci level at 128.50.
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analysis for today 2 / 20 / 2015
EURJPY
Resistance : R1 135.29 R2 135.54 R3 135.74 R4 136.04
Support : S1 134.58 S2 134.33 S3 134.13 S4 133.83
Open : 135.20
High : 135.33
Low : 134.54
Range : .79 Pips
Running Price : 134.56
Strategy : SELL at the level 134.56 stop loss at the level 135.29 target take profit at the level 134.13 or at the level 133.83
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EURJPY returns to settle- analysis- 19/2/2015
Stochastic attempts to form a new bullish wave didnt affect the EURJPY price, to keep its sideways stability around 135.50 level, note that the continuation of the main indicators contradiction will support the sideways bias domination in the current period, which confines the price between the initial support represented by 133.50, while 136.40 level acts as a barrier against the bullish attempts.
Therefore, we recommend waiting for surpassing the initial resistance to make the price return to form new bullish waves, which supports reaching the waited target at 137.70 to avoid any unexpected negative fluctuation.
Expected trading range is between 134.60 and 136.40
Expected trend for today: fluctuated.
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pair- eur/jpy
time frame to analysis- m30
the price is making up movement from the support at 135.00 level and also resistance of moving average 50 but again lower side. parabolic sar is also in the down trend side. if this is move below the 134.95 level short with take profit at 134.30 and stop loss at 135.75
good luck
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I think that this is a good opportunity to get in long position from the support level at 135.06 with take profit at 135.92.
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Spoiler:
Daily Forecast
Pair: EURJPY
Major Trend: Bullish
Time Frame: H1
Reason: Market still going to retest the resistance at 136.15, but before that. 135.63 will be a correction in advance. Looks RSI has broken through the line 50
Recommendation: Buy Limit at 135.63
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Pair = EURJPY Thursday, February 19, 2015
Fibonacci pivot point calculations to predict the movement of market prices today
Open = 136.03, High = 136.10, Low = 135.07, Close = 135.37
Fibonacci pivot point calculation
R3= 136.54, R2= 136.15, R1= 135.91, PP= 135.51, S1= 135.12, S2= 134.88, S3= 134.48
Open Order
Sell = 135.37, TP= 135.02, SL= 135.77
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Following a drop 130.00 mark to test its lowest level since Sept. 2013, the pair has been steadily marking some recovery as depicted by formation of an ascending trend-channel on short-term chart. However, when taken in context with the pair's fall from Dec. 2014 high, the short-term ascending channel seems to constitute towards formation of a bearish Flag chart pattern, possibly indicating resumption of near-term bearish trend once the lower trend-line support of the channel is broken. Hence, a decisive break below the lower trend-line support, currently near 134.30 would mark resumption of the depreciating move and the pair could immediately test 132.40-50 intermediate support. Further, the pair might remain vulnerable to continue weakening, even below 130.00 mark, towards testing 18.20-128.00 support area. On the upside, 136.60 horizontal zone, closely followed by 137.40-60 strong resistance area, marked by the upper trend-line resistance of the ascending channel, are likely to restrict further recovery for the pair.
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