imbest Daily Analysis - EUR/JPY

[imbest]

The action bias of the pair is downward at the moment. So it is better to sell at this stage.

These are the pivot points to get support and resistance values.

105.94 106.09 106.24 106.39 106.54 106.69 106.84

Sell below 106.39 and consider the next support point as take profit and next resistance point as stop loss.

[imbest]

The action bias of the pair is downward at the moment. So it is better to sell at this stage.

These are the pivot points to get support and resistance values.

104.61 104.74 105.00 105.13 105.39 105.52 105.78

Sell below 105.13 and consider the next support point as take profit and next resistance point as stop loss.

[imbest]

The action bias of the pair is upward at the moment. So it is better to buy at this stage.

These are the pivot points to get support and resistance values.

105.61 105.73 105.83 105.95 106.05 106.17 106.27

Buy above 105.95 and consider the next resistance point as take profit and next support point as stop loss.

[imbest]

The action bias of the pair is upward at the moment. So it is better to buy at this stage.

These are the pivot points to get support and resistance values.

106.59 106.74 106.97 107.12 107.35 107.50 107.73

Buy above 107.12 and consider the next resistance point as take profit and next support point as stop loss.

[imbest]

The action bias of the pair is upward at the moment. So it is better to buy at this stage.

These are the pivot points to get support and resistance values.

107.25 107.42 107.62 107.79 107.99 108.16 108.36

Buy above 107.79 and consider the next resistance point as take profit and next support point as stop loss.

[imbest]

The action bias of the pair is downward at the moment. So it is better to sell at this stage.

These are the pivot points to get support and resistance values.

106.11 106.26 106.39 106.54 106.67 106.82 106.95

Sell below 106.54 and consider the next support point as take profit and next resistance point as stop loss

[imbest]

The action bias of the pair is downward at the moment. So it is better to sell at this stage.

These are the pivot points to get support and resistance values.

105.71 106.04 106.43 106.76 107.15 107.48 107.87

Sell below 106.76 and consider the next support point as take profit and next resistance point as stop loss

[imbest]

The action bias of the pair is upward at the moment. So it is better to buy at this stage.

These are the pivot points to get support and resistance values.

106.55 106.83 107.05 107.33 107.55 107.83 108.05

Buy above 107.33 and consider the next resistance point as take profit and next support point as stop loss.

[imbest]

The action bias of the pair is downward at the moment. So it is better to sell at this stage.

These are the pivot points to get support and resistance values.

105.62 105.81 105.96 106.15 106.30 106.49 106.64

Sell below 106.15 and consider the next support point as take profit and next resistance point as stop loss.

Chart Image

[takiya_]

EURJPY, H1
Date 04/01/2013

Open 120.77
High 120.80
Low 120.65
Close 120.67
volume 138
SMA (5) 120.74
SMA (10) 120.72
SMA (20) 120.65
SMA (50) 120.59
SMA (100) 120.88
SAR 120.35

Indicator window 1
Stoch (5,3,3) 45.2830
Signal 56.5405

Indicator window 2
RSI (14) 49.8594

Indicator window 3
MACD (12,26,9) 0030
Signal 0018

Indicator window 4
% R (14) -50.0000

according to the combination of the above indicators:
trend: Neutral

[takiya_]

EURJPY, H1
Date 02/04/2013

Open 119.70
High 119.87
Low 119.70
Close 119.76
volume 125
SMA (5) 119.81
SMA (10) 119.86
SMA (20) 119.93
SMA (50) 120.35
SMA (100) 120.59
SAR 120.01

Indicator window 1
Stoch (5,3,3) 24.2188
Signal 27.4869

Indicator window 2
RSI (14) 37.6658

Indicator window 3
MACD (12,26,9) -0163
Signal -0164

Indicator window 4
% R (14) -71.6418

according to the combination of the above indicators,
trend: Bearish

[takiya_]

EURJPY, H1
Date 04/03/2013

Open 119.71
High 119.79
Low 119.70
Close 119.78
volume 56
SMA (5) 119.73
SMA (10) 119.79
SMA (20) 119.65
SMA (50) 119.87
SMA (100) 120.23
SAR 119.62

Indicator window 1
Stoch (5,3,3) 55.8559
Signal 41.7679

Indicator window 2
RSI (14) 50.6522

Indicator window 3
MACD (12,26,9) -0018
Signal -0031

Indicator window 4
% R (14) -50.7042

according to the above indicators,
trend: Bearish

[takiya_]

EURJPY, H1
Date 04/04/2013

Open 119.53
High 119.54
Low 119.43
Close 119.45
volume 87
SMA (5) 119.44
SMA (10) 119.38
SMA (20) 119.58
SMA (50) 119.64
SMA (100) 120.01
SAR 119.65

linechart are in DOWN position pivot line, then:
trend: Bearish (SELL)

after yesterday's price movement tried to break through weekly MA failed now price moves back following the weekly MA bearish trend, the emergence of prices below the pivot as well as the status of MA dayli are still likely bearish conclusions can be made that the price movement for today is likely to go down.

[takiya_]

EURJPY, H1
Date 05/04/2013

Open 124.63
High 124.64
Low 124.56
Close 124.57
volume 50
SMA (5) 124.52
SMA (10) 124.12
SMA (20) 122.90
SMA (50) 120.91
SMA (100) 120.41
SAR 123.83

THE linechart position in the pivot line, then:
trend: Bullish (BUY)

clearly visible to the present EUR / JPY is still moving forward the bullish trend yesterday, it looks like a sharp movement today is still affected to this day, but you need to know that this is a starting point to make monthly bullish so it certainly can be a guideline price movements in some time to come.

[takiya_]

since 4 april seen that the daily trend can penetrate MA weekly so that at any sessions weekly American trend change its status to be bullish, until the weekend was seen prices continue to rise following the weekly bullish trend, and in this day seen the price positioning has been very much left MA weekly and mountly, so therefore I assume that today is the starting point of the price movement will make a correction, the price will go down at least to the level of pivot.

[takiya_]

current prices are already close to the R1 level and it may be very easy to reach even look at the daily trend for today looks likely it will be very possible bullish price movement will continue to rise to reach the level of R2.

[takiya_]

on the chart today we can see even though the price appears from above the pivot level, but the price goes down and is able to penetrate this level, the price movement has been able to penetrate and make dayli MA indicates that bearish movement today will go down as just a daily trend bearish.

[takiya_]

current prices have started moving left pivot level, it obviously will continue as the current position of MA daily has shown significant bearish conditions likely bearish daily trend down, but look at the weekly MA position is in question is whether the level of S1 will able to penetrate or even the price will go back up.

[takiya_]

price just penetrate Ma Ma weekly daily and this is of course quite a picture of that price movement will go down as the weekly trend recently changed from bullish to bearish and likely will be like this until the end of the closing later.

[takiya_]

we can see the price movement since yesterday until opening weekend market this week relative price movements down, long trend bearish weekly status seems to be really dragging prices to reach a strong possibility MA mountly and will work through it. it can be seen on a daily Ma tends to become a strong bearish impetus to the movement of prices to continue to fall and penetrate MA mountly.