EUR/JPY | Technical Analysis | 7 February 2011
EUR/JPY has rolled over after rallying up to the 112s this morning. The question is whether this could be the beginning of a new wave down or not. There is insufficient evidence to suggest this may be so although a fall to the old trend-line down from the November ‘10 highs at roughly 111.00 is probable. Read more
Showing posts with label eur/jpy. Show all posts
Showing posts with label eur/jpy. Show all posts
Monday, February 7, 2011
Wednesday, January 26, 2011
EUR/JPY | Technical Analysis | 26 January 2011
EUR/JPY | Technical Analysis | 26 January 2011
more EUR/JPY Technical Analysis
This pair is in a sideways move. It has lost the momentum to go higher and yesterday’s sharp fall came to an abrupt halt at 112. The last 3 days have all been doji which is a slightly bearish sign although there has been no bearish confirmation from price.
Obviously a continuation to key resistance in the 114’s is still possible, whilst a move to the downside would first find support at the bottom of the range at 111.80.
Friday, January 21, 2011
EUR/JPY | Technical Analysis | 21 January 2011
EUR/JPY | Technical Analysis | 21 January 2011
The next target to the upside might be at around 114.00 where support and resistance combine with price pattern targets. A pullback, however, is also quite possible and would be expected to find support at the major trend-line at around 110.50.
more EUR/JPY Technical Analysis
This pair has rallied up quite strongly over recent days breaching an important trend-line down from the 2008 highs. Whilst it has run into some resistance in the 112s Including the 200 day MA at 112.30, it will probably continue climbing.
Wednesday, January 19, 2011
EUR/JPY | Technical Analysis | 19 January 2011
EUR/JPY | Technical Analysis | 19 January 2011
A further rally is also possible, with the monthly pivot at 111.30 and then support and resistance at 111.50 as possible targets.
more EUR/JPY Technical Analysis
This pair rose as anticipated and it may now have put in a top at the 111.15 highs. The Elliot waves are counting complete indicating a correction could follow. If the pair falls as anticipated it might be expected to reach the 109.50 level where there is support and resistance, the monthly pivot and a 38.2% Fibonacci line of the Jan 10 move.
Tuesday, January 18, 2011
EUR/JPY Technical Analysis | 18 January 2011
EUR/JPY Technical Analysis | 18 January 2011
This pair fell yesterday but found support overnight and then began rallying again as anticipated. The rally is probably an Elliot wave 5 of the whole move up which began at the January 10 lows. Most wave 5’s of this size surpass the high of wave 3 and travel on average 20 or so points higher, giving a target of 111.18. Read more
This pair fell yesterday but found support overnight and then began rallying again as anticipated. The rally is probably an Elliot wave 5 of the whole move up which began at the January 10 lows. Most wave 5’s of this size surpass the high of wave 3 and travel on average 20 or so points higher, giving a target of 111.18. Read more
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