EUR/JPY

[RVD Support 8]

This Thread is made for the discussion of Eur versus JPY
You can give here forecasts, explanation about the market And Technical Analysis.

[topman]

EURJPY,H1
Date 2013.06.26
Time 15:00
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Description :
- 126.99 become the important key here, if it breakout then price would be decline to 126.105 or 125.727, else it move up to make correction till fibo 61.8%.

[saiansh23]

Price hold the important 26.80 yesterday But soon we will break below 126.70 and test of 124.96 would on the cards But price should remain below 128.10 and 128.70 for the pair to complete the correction with a break below 124.96 will trigger the entry with stop around 126.10 and TP 119.00
Regards
Check the chart

[topman]

A good and positive sentiment triggered this pair to make significant bullish movements and it be able to reach 128.216 few hours ago. So, we can expect it will be moves upside to challenge 129.040. In case the price turns back and re-break 127.607 then will be potential to touch the downside box or area. For further information, the trend tunnel also indicated a small changing for bullish trend.

[yawyaw]

Stochastics adjust around 50 level to sustain the expected positively to retry infringing the 129.20 level, then we shall continue to the neutrality to prevent the risk of fluctuation in the price from moving average around 126.60

[topman]

As i expected yesterday, this pair could challenge barrier 129.04 and bulls won today by achieved 129.648. So lets continue with the bullish projection for next trades. After reached 129.648 then eur/jpy made some corrections on 128.945 and it become our support here. As long as the price can stand above of this support then it is potential move upside for re-test 129.648 again then it could be continue to challenge 129.922 or 130.359.
At other hand, this pair will make further correction if it can defeat support.

[saiansh23]

With a break above 128.40 It is confirmed that wave b is completed and we are on our way towards wave C which
should probably rise towards 130.40 area befoer a downside pressure builts for the pair and therefore
we need a break below 127.00 which will confimed that Wave c is done and we are on our way towards test
the important support 124.96 and with a break there we should allow the decline to go towards 118.70 which would
be 38.2% of the rise from 94.10 low And we should allow and give time for the break Howerver a break above 131.40 is
not allowed for any bearish picture So watch the price As dont rush into any countertrend moves till the
confirmation of bull price is seen.
Regards
Check the chart

[topman]

The trend tunnel performed a bullish trend on hourly chart here, and it is expect to hunt 130.811 or 131.969 as the upside target, but in case it need some correction then price will going down to touch 129.349 or 128.924. And it is completely reverse trend when the price can breakout 128.237. However, i expect there will be long bullish trend here.

Chart :

[saiansh23]

It is the second chart of the day The motive behind is to alert everybody that this swing has momentum And reaching the second target at 130.26 area But if we get confirmation on Daily Then 131.31 should be approached Which is I think will hold But Now we should watch this area if This one will hold has extreme of wave C then finally we should break below 127.02 to test 124.96 Then we will see how it structured But three wave rally certainly looking like corrective But you Never know about wave3 and wave C they can broke any support and resistance come there way As they are known as powerful waves of the series
Regards
Check the chart

[hafnaoui]

The pair breached 129.20 level which acted as an obstacle against the upside actions recently, to continue with the positivity to reach 130.00 followed by 131.10 as close targets in the upcoming period.
We note from the above chart that stochastic is rallying to the upside to settle around 80 level, which provides the needed positive momentum to hit the waited targets.

[saiansh23]

Thats how I looked it at it first sight If we have possible found top here then soon we should see a break below 129.00 to test 127.00 Have a good look at eur/jpy 130.63 area on h4 not on daily But I prefer price to stay below 130.63 on daily
Check the chart
Regards

[hafnaoui]

The pair remains stable above 129.20 level, to notice the bullish bias domination, to record 130.30 level, which represents the first expected target, and we continue the positive expectations in the near and medium term basis to reach 131.10 followed by 132.50 levels, conditioned by holding above 50% Fibonacci level around the support line as appears in the image.

[saiansh23]

Price has again rise from the 129.80 bottom which has been extreme support for the pair and we test 131.20 and Area which is also resistance But extreme resistance is now 131.80 And we should not allow price to break above 131.80 as it will be lot of overlapping And Will be also the confirmation of bulls domination And current ongoing rally will not be reckon as abc As i would start marking it end of correction And wave 3rd of large degree has started and we would be currently in wave 3 But I still expect a break below 129.80 and then 127.00 for the test of 124.96 But lets see how wave and Price unfolds
Check the chart
Regards

[saiansh23]

129.50 Is offering support on daily We need to stay below this on daily as well to consider any bearish pressure towards 127.00 and then there would be 124.96 only
Lets take a look at the chart
Regards

[saiansh23]

I think we can have a diagonal expanding to end the correction But we would like to see the correction first of the bottom trendline to unfold in 3 sub abc waves Which should not be above the 61.8% of the c to d Lets check what comes ahead May be straight push through but this is very unlikely But 129.50 should hold first for any downtrend to continue
Regards
Check the chart