EURJPY Analysis

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EUR/JPY Intraday: intraday support around 136.35.
Pivot: 136.35
Our preference: Long positions above 136.35 with targets @ 136.95 & 137.35 in extension.
Alternative scenario: Below 136.35 look for further downside with 136 & 135.6 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

 

 

Daily Time Frame

Two Bullish Black Swan Pattern

Bullish A Shark

Bullish Divergence (ADX)

 

 

Auticharts

 

 
EUR/JPY Intraday: the upside prevails.
Pivot: 136.6
Our preference: Long positions above 136.6 with targets @ 137.35 & 137.6 in extension.
Alternative scenario: Below 136.6 look for further downside with 136.35 & 136 as targets.
Comment: The pair is trading within a bullish channel.

 

 

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Indices Technical Analysis

newdigital, 2014.07.29 13:22

Well ... I found it your sources :) You are just copy-pasting without source link ...

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Weekly Chart
Bearish Divergence (DMI+)

MY preference: Short positions Below 138.635 with targets @ 118.721 in extension. 

 

 
Month Chart
Bearish Shark [1.128/-/1.618/*] Pattern

MY preference: Short positions Below 146

 

 

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mazennafee, 2014.07.30 09:49

EUR/JPY Daily Outlook

Daily Pivots: (S1) 136.70; (P) 136.81; (R1) 136.98; More...

EUR/JPY continues to stay in consolidation above 136.36 and intraday bias remains neutral. As long as 137.71 resistance holds, deeper decline is still expected in the cross. It's now in the third leg of the pattern from 145.68 and should target 136.22 support. However, break of 137.71 resistance would be the first sign of near term reversal and wold turn bias back to the upside for 139.27 resistance for confirmation.

In the bigger picture, loss of upside momentum was seen in bearish divergence condition in weekly MACD. However, EUR/JPY is so far holding above 135.50 key support. Thus, there is no confirmation of trend reversal yet. Break of 145.68 will extend the up trend from 94.11 towards 76.4% retracement of 169.96 to 94.11 at 152.59 before topping. Meanwhile, break of 135.50 will confirm reversal and target 124.95 support.

 


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