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EUR/JPY technical analysis for May 14, 2013
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RECOMMENDATION:
Sell stop (pending order) at 131.74.
Stop loss at 131.84.
Take profit at 131.60.
Alternative:
Buy stop (pending order) at 132.51.
Stop loss at 132.41.
Take profit at 132.65.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 15, 2013
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RECOMMENDATION:
Sell stop (pending order) at 131.99.
Stop loss at 132.09.
Take profit at 131.85.
Alternative:
Buy stop (pending order) at 132.26.
Stop loss at 132.16.
Take profit at 132.40.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 16, 2013
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Overview:
The EUR/JPY's subsequent sharp fall suggests that a decline from 132.10 yesterday had resumed to 130.00 (strong support). The pair has already formed a strong resistance at the level of 132.80 and it is now approaching it in order to test it. Also it should be noted that the price is still trapped between 131.20 and 131.80 and has been set below strong resistance at the level of 132.80. Therefore, the fact that the yen will move downwards is rather convincing. The structure of the fall does not look corrective. It is likely to indicate a bearish opportunity below 132.80 (you should keep in mind that the weekly pivot point is at 131.50). It will be a good sign to sell below 132.80 with the first target at 131.83 and it will call for downtrend to continue moving towards 130.55. Furthermore, it should also be said that the price at 130.00 will probably form a double bottom and call for a strong support. So, it will be saturation around 130.00 to rebound the pair. The market might also be going to start showing the bullish signs. In other words, it will be a good sign to buy above 130.00 with the first target of 131.50 and continue towards 132.30.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 16, 2013
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RECOMMENDATION:
Sell stop (pending order) at 131.49.
Stop loss at 131.59.
Take profit at 131.35.
Alternatives:
Buy stop (pending order) at 131.76.
Stop loss at 131.66.
Take profit at 131.90.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 20, 2013
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RECOMMENDATION:
Buy stop (pending order) at 132.01.
Stop loss at 131.91.
Take profit at 132.15.
Alternative:
Sell stop (pending order) at 131.74.
Stop loss at 131.84.
Take profit at 131.60.
More analysis - at instaforex.com
GBP/USD intraday technical analysis for May 21, 2013
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Overview:
According to previous events, the price has still been trapped between 1.5280 and 1.5215, so it is wise to be careful in this range area around the level 38.2% of Fibonacci retracement levels and 00% (it will form a double bottom). Therefore, the first step is to wait for a period of tight sideway range market before breakouts. Probably the market is going to start showing bullish signs. In other words, it will be a good sign to buy above the support 1 (1.5090) with the first target of 1.5263 and it will climb towards the first resistance at 1.5315. However, if the pair could not break this resistance, hence the market will indicate a bearish opportunity below 1.5315 (it should be noted that the 38.2% of Fibonacci retracement level is 1.5328). Then the level is going to act as strong resistance. It will be a good sign to sell below 1.5240 with the first target of 1.5180 and it is going to call for downtrend in order to continue a bearish move towards 1.5157 in order to form a double bottom.
Technical levels (for a long period):
Time & date: 21/05/2013 03:26
Pair: GBP/USD
Projected High: 1.5456
Breakout (buy stop): 1.5401
Strong resistance (sell limit): 1.5371
Current pivot: 1.5218
Strong support (buy limit): 1.5065
Breakout (sell stop): 1.5040
Projected low:1.4990
More analysis - at instaforex.com
EUR/JPY technical analysis for May 22, 2013
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RECOMMENDATION:
BUY Stop (Pending Order) at 132.76.
Stop Loss at 132.66.
Take Profit at 132.90.
Alternative:
SELL Stop (Pending Order) at 132.24.
Stop Loss at 132.34.
Take Profit at 132.10.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 23, 2013
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RECOMMENDATIONS:
Buy stop (pending order) at 133.01.
Stop loss at 132.91.
Take profit at 133.15.
Alternative:
Sell stop (pending order) at 132.24.
Stop loss at 132.34.
Take profit at 132.10.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 24, 2013
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RECOMMENDATIONS:
Buy stop (pending order) at 132.51.
Take profit at 132.65.
Stop loss at 132.41.
Alternative:
Sell stop (pending order) at 131.74
Take profit at 131.60
Stop Loss @ 131.84.
More analysis - at instaforex.com
EUR/USD weekly technical levels for May 27-31, 2013
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Intraday trading recommendations:
According to previous events, the price has still been trapped between 1.2960 and 1.2890.
Below 1.3015 look for further downside with 1.2915 (the weekly pivot point) and 1.2850 targets.
Stop loss should be placed at 1.3070.
Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidate.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 28, 2013
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RECOMMENDATION:
BUY Stop (Pending Order) at 131.76.
Stop Loss at 131.66.
Take Profit at 131.90.
Alternative:
SELL Stop (Pending Order) at 131.24.
Stop Loss at 131.34.
Take Profit at 131.10.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 29, 2013
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RECOMMENDATION:
Sell stop (pending order) at 130.99.
Stop loss at 131.09.
Take profit at 130.85.
Alternative:
Buy stop (pending order) at 131.76.
Stop loss at 131.66.
Take profit at 131.90.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 30, 2013
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RECOMMENDATION:
Buy stop (pending order) at 131.51.
Stop loss at 131.41.
Take profit at 131.65
Alternative:
Sell stop (pending order) at 130.74.
Stop loss at 130.84.
Take profit at 130.60.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 31, 2013
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RECOMMENDATION:
Buy stop (pending order) at 132.01.
Stop loss at 131.91.
Take profit at 132.15.
Alternative:
Sell stop (pending order) at 131.49
Stop loss at 131.59.
Take profit at 131.35.
More analysis - at instaforex.com
EUR/JPY technical analysis for June 3, 2013
RECOMMENDATION:
SELL Stop (Pending Order) is at 130.74.
Take Profit is at 130.60
Stop Loss is at 130.84
More analysis - at instaforex.com
EUR/JPY technical analysis for June 4, 2013
RECOMMENDATION:
SELL Stop (Pending Order) is at 129.99. Take Profit is at 129.85.
Stop Loss is at 130.09.
More analysis - at instaforex.com
EUR/USD: intraday technical analysis for June 5, 2013
Overview:
The EUR/USD pair's support had been broken and it was turned to resistance around the price of 1.3188 for a month. Therefore, the pair has already formed a strong resistance at 1.3188. Moreover, after it could close above 1.3100 and the pair started signing for bullish market, it should also be noted that the price has still been trapped between 161.8% Fibonacci Retracement levels and 100%. As well the RSI and the last strong support (around the double bottom (1.2965) on H1 chart) are still calling for uptrend at this level. Hence, the market indicates a bullish opportunity on level of 1.2965 on the H1 chart with the first target of 1.3053 and continues towards 1.3093 above the weekly pivot point. However, in case reversal takes place and the EUR/USD pair breaks through the support level of 1.3012, the market will lead to futher decline to 1.2960.
More analysis - at instaforex.com
EUR/JPY Elliott Wave analysis for June 6, 2013
Today's support and resistance levels:
R3: 130.65
R2: 130.31
R1: 130.06
Current spot: 129.94
S1: 129.42
S2: 128.80
S3: 128.05
Technical overview:
We have seen a slight break below support at 129.46, but we are looking for even more acceleration towards the downside, as a possible wave iii of C is progressing for a decline towards at least 128.80 and likely even down to 127.19. In the short term, we would like to see resistance at 130.31 to protect the upside for the next break below 129.42 confirming the next decline towards 128.80. However, even a rally towards 130.65 would not invalidate our bearish call, but we should not break above 130.65 as that would call for a new test of resistance at 131.40 before going down again.
Trading recommendation:
We short EUR from 130.19 with stop placed at 131.45. If you do not have short positions on EUR already, then sell near 130.31 or upon a break below 129.42 with the same stop.
More analysis - at instaforex.com
EUR/JPY technical analysis for June 7, 2013
RECOMMENDATION:
Sell stop (pending order) at 127.99.
Take profit at 127.85.
Stop loss at 128.09.
More analysis - at instaforex.com
EUR/JPY technical analysis for June 10, 2013
RECOMMENDATION:
Buy stop (pending order) at 129.76.
Take profit at 129.90.
Stop loss at 129.66.
More analysis - at instaforex.com
EUR/JPY technical analysis for June 11, 2013
RECOMMENDATION:
Sell stop (pending order) at 130.74.
Take profit at 130.60.
Stop loss at 130.84.
More analysis - at instaforex.com
EUR/JPY technical analysis for June 12, 2013
RECOMMENDATION:
Sell stop (pending order) at 128.24.
Take profit at 128.10.
Stop loss at 128.34.
More analysis - at instaforex.com
EUR/JPY technical analysis for June 13, 2013
RECOMMENDATION:
Sell stop (pending order) at 128.24.
Take profit at 128.10.
Stop loss at 128.34.
More analysis - at instaforex.com
EUR/JPY technical analysis for June 14, 2013
RECOMMENDATION:
SELL Stop (Pending Order) is at 126.24.
Take Profit is at 126.10.
Stop Loss is at 126.34.
More analysis - at instaforex.com
EUR/JPY technical analysis for June 17, 2013
With all the three Moving Average making a death cross pattern formation, the market is still in downtrend pressure. It seems the seller will get more advantage than the buyers as long as 126.25 is not breached, the downside pressure still continues.
RECOMMENDATION:
SELL Stop (Pending Order) at 125.99.
Take Profit at 125.85.
Stop Loss at 126.09.
More analysis - at instaforex.com
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