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EUR/JPY Emerging Signal

admin — Mon, 26 Sep 2011 21:34:06 +0000

The pair continues to test the support of the descending channel shown on image, and this is considered a negative sign that supports the downside bias. The 50 EMA continues to pressure intraday and short term trading negatively, in addition to the overbought stance on stochastic. Accordingly, we hold onto our expectations for a downside move this week targeting the psychological level at 100.00 and may extend to 99.40. Taking into consideration that stability below 103.75 is required to achieve these targets.

The expected trading range for the week is among the key support at 99.40 and the key resistance at 104.30.

The short term trend is to the upside so far as 123.30 remains intact targeting 94.80.

Support: 102.40, 101.35, 100.90, 100.00, 99.40
Resistance: 102.75, 103.45, 103.75, 104.30, 105.10

Recommendation Based on the charts and explanations above we recommend selling the pair with four-hour closing below 102.40 targeting 100.00 and stop loss above 103.75 may be appropriate.

EUR/JPY Emerging Signal

admin — Thu, 22 Sep 2011 22:13:10 +0000

The pair acquired a daily closing below the major bottom at 103.75 which forms a pivotal support for intraday trading. Accordingly, the downside pressure may continue specially that the 38.2% Fibonacci correction halted very well the upside attempts as shown on image. Therefore, downside targets reside at 102.85 followed by 101.35. The resistance levels among 105.30-105.75 should remain intact for our expectations to remain possible.

The expected trading range for the day is among the key support at 101.35 and the key resistance at 105.75.

The short term trend is to the upside so far as 123.30 remains intact targeting 94.80.

Support: 103.75, 102.85, 102.35, 101.35, 100.90
Resistance: 104.55, 105.30, 105.75, 106.20, 106.95

Recommendation Based on the charts and explanations above we recommend selling the pair with hourly closing below 103.75 targeting 101.35 and stop loss with hourly closing above 104.55 may be appropriate.

EUR/JPY Emerging Signal

admin — Wed, 21 Sep 2011 23:34:00 +0000

The pair is fluctuating within a narrow range since yesterday settling below 105.00, where stochastic is overbought over four-hour basis. Therefore, we hold onto our bearish bias for today which requires a clear breach of 103.85 level, and stability below 105.75.

The expected trading range for the day is among the key support at 101.35 and the key resistance at 105.75.

The short term trend is to the upside so far as 123.30 remains intact targeting 94.80.

Support: 104.00, 103.50, 102.85, 102.35, 101.35
Resistance: 104.95, 105.75, 106.20, 106.95, 107.20

Recommendation Based on the charts and explanations above we recommend selling the pair around 104.95 targeting 102.85 and stop loss above 105.75 may be appropriate.

EUR/JPY Emerging Signal

admin — Tue, 20 Sep 2011 01:56:35 +0000

The 38.2% Fibonacci correction level halted the upside move for the pair, where it reversed to resume the downside journey within the short term descending channel. Stochastic is overbought and may lead to some fluctuations and a retest of 105.70-106.20 area before heading to the downside this week , targeting 102.05. Steady daily closing below 106.90 is necessary for our expectations to remain possible.

The expected trading range for the week is among the key support at 102.05 and the key resistance at 107.20.

The short term trend is to the downside so far as 123.30 remains intact targeting 94.80.

Support: 105.05, 104.80, 104.25, 103.50, 102.85
Resistance: 105.70, 106.20, 106.90, 107.20, 107.90

Recommendation Based on the charts and explanations above we recommend selling the pair around 105.70 targeting 103.50 and stop loss with four-hour closing above 106.90 may be appropriate

EUR/JPY Emerging Signal

admin — Wed, 14 Sep 2011 19:07:55 +0000

The pair is fluctuating within a narrow range since yesterday to settle below 105.00, if we zoom into the hourly chart -the minor image- we will notice that trading is confined within a symmetrical triangle continuation pattern, which is a negative sign and supports the continuation of the downside movement over intraday basis. Stochastic supports the bearishness as well, while stability below 106.20 is required for our expectations to remain valid.

The expected trading range for the day is among the key support at 101.35 and the key resistance at 106.20.

The short term trend is to the downside so far as 123.30 remains intact targeting 94.80.

Support: 104.75, 104.25, 103.50, 102.85, 102.05
Resistance: 105.45, 106.20, 107.20, 108.05, 108.95

Recommendation Based on the charts and explanations above we recommend selling the pair with hourly closing below 104.75 targeting 102.85 and stop loss with hourly closing above 105.45 may be appropriate.

EUR/JPY Emerging Signal

admin — Tue, 13 Sep 2011 18:24:26 +0000

The pair is trading within a narrow range and with a slight upside bias that is pulling the pair towards a retest of the breached pivotal support at 106.20. Stochastic is overbought, therefore, we hold onto our bearish expectations for today targeting initially 103.00 and 102.05 and requires steady daily closing below 106.20.

The trading range for the day is expected among the key support at 99.80 and the key resistance at 107.20.

The short term trend is to the downside as far as 123.30 remains intact with targets at 94.80.

Support: 105.05, 104.25, 103.50, 102.85, 102.05
Resistance: 105.60, 106.20, 107.20, 108.05, 108.95

Recommendation Based on the charts and explanations above we recommend selling the pair around 106.20 targeting 104.25 and stop loss with four-hour closing above 107.20 may be appropriate.

EUR/JPY Emerging Signal

admin — Mon, 12 Sep 2011 21:41:26 +0000

Last week closing below the horizontal pivotal support at 106.20 added more confirmation to the continuation of the downside bias. The pair continues to trade within the descending channel shown on the image. The 50 EMA also support the downside move. Therefore, we continue to expect bearishness this week targeting mainly the support of the channel at 102.90, taking into consideration that steady daily closing below 106.20 is required.

The trading range for the week is expected among the key support at 99.80 and the key resistance at 107.20.

The short term trend is to the downside as far as 123.30remains intact with targets at 94.80.

Support: 104.25, 103.50, 102.85, 102.05, 101.35
Resistance: 105.60, 106.20, 107.20, 108.05, 108.95

Recommendation Based on the charts and explanations above we recommend selling the pair around 106.20 targeting 102.90 and stop loss with daily closing above 107.20 may be appropriate.

EUR/JPY Emerging Signal

admin — Wed, 07 Sep 2011 17:11:03 +0000

The pair resumed the bearishness again, and we mentioned in our previous report that trading back below 109.15 shall resume the bearishness. Now, the pair is attempting to test 108.00 level again, where we need a four-hour closing below the level to confirm continuation of the negativity. In general, we will hold onto our bearish expectations so long as 110.05 remains intact.

The trading range for the week may be among the major support at 104.40 and the major resistance at 112.00.

The short term trend is to the downside targeting 100.00 as long as 123.30 remain intact

Support: 108.00, 107.55, 106.80, 106.15, 105.95
Resistance: 109.15, 109.60, 110.05, 110.85, 111.60

Recommendation Based on the charts and explanations above we recommend selling the pair with four-hour closing below 108.00 targeting 106.15 and stop loss above 110.05 may be appropriate

EUR/JPY Emerging Signal

admin — Thu, 01 Sep 2011 13:56:38 +0000

The pair continues to trade within the main descending channel shown on image, protected by the 50 EMA as well. Stochastic is down trending, therefore, we expect the downside move to continue over intraday basis, awaiting achieving the targets at 108.90. Steady daily closing below 111.10 is required.

The trading range for the week may be among the major support at 120.00 and the major resistance at 126.50.

The short term trend is to the downside targeting 112.00 as long as 150.00 remain intact.

Support: 110.15, 109.60, 108.90, 108.20, 107.55
Resistance: 110.40, 111.10, 112.00, 112.70, 113.65

Recommendation Based on the charts and explanations above we recommend selling the pair around 111.10 targeting 108.90 and stop loss with four hour closing above 112.00 might be appropriate

EUR/JPY Emerging Signal

admin — Thu, 01 Sep 2011 00:22:32 +0000

The pair is still trading within the descending channel as seen on the provided chart, while being negatively pressured by SMA 50. Thereby, the bearishness is still in favor over intraday basis, supported by Stochastic of the daily basis. Technical targets are seen at 108.90 as far as 111.25 remains intact.

The trading range for the day may be among the major support at 107.55 and the major resistance at 112.00.

The short term trend is to the downside targeting 100.00 as long as 123.30 remain intact.

Support: 110.40, 110.15, 109.60, 108.90, 108.20
Resistance: 111.00, 111.25, 112.00, 112.70, 113.65

Recommendation Based on the charts and explanations above we recommend selling the pair around 111.25 targeting 108.90 and stop loss with four hour closing above 112.00 might be appropriate