EurJpy 4 h 26/3/2012
EurJpy on the lines of Jean-four hours chart bearish price is approaching the upper lines of Jean
Selling points of 109.54 - 110.3
The goal of 100 points.
Stop-Loss candle close above 108.50 for four hours
price currenly at 109.39 next area to watch is at 109.60 level and could even proceed to 110.0 area
if price Below 109.15 look for further downside with 108.8 & 108.4 as targets.
Sentiment risk of suffering a blow because the FX market is still open during this week and see the EUR / JPY dived around -0.45%. Since then, the couple had moved sideways around 106.30.
European markets are closed today and a little thought there is little movement. Sentix Investor confidence for EMU will be released at 8:30 GMT, at which the analyst waits decreased from -8.2 to -9.1 in April.
Above is a 20-hour MA at 106.60 which serves as a resistance, while at the psychological level of 106.00 could keep the EUR / JPY from the underside.
The same like GBP/JPY . The main trend is uptrend . You can see E/J found support off the key level near 80.55 today and a key near-term resistance level sitting near 127.42 .
EUR/JPY is having the bullish strong trend and the pair will go to level 107.45 today and If can break 107.45 . I believe the uptrend will be stronger and we do not need to put take profit point .
today EUR will down to 103.30 and will up again
today EUR/JPY still consolidating and wait bigger news ECB but my opinion EUR will down and take 129.80
EJ cannot up this days its worst of uni eropa ekonomi but yunani guberment still wake up in he crisis now EJ on 103.25
EUR/JPY - 21 May 2012
One more dip to 100.62 - 99.70 is likely followed by a grind higher to 102.20 - 102.86. After which it can resume its downtrend.
Supports / Resistances
EUR/JPY - 21 May 2012
Res 2 104.7000
Res 1 102.8600
Sup 1 99.7000
Sup 2 98.3800
Last edited by learn2biz; 05-20-2012 at 07:25 PM.
The Following User Says Thank You to alvino For This Useful Post:
A continuation of the course above 99 will strengthen MY bullishness. Breaks upward of 100 and 100.50 of items then offer new buy signals for an extended bullish towards 101 or higher if this level is also broken up. In case of return of the course in 98.50 then I will advise to wait for a break downwaed of 98 points for not treat only short positions on parity.
Indicators remain generally bullish. I maintain to trade only long positions as the course will be located above 98.50. In case of return of the course under 98.50 then I will advise to wait for a break out of 98 points to treat only short positions on parity.
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