InstaForex Wave Analysis - page 155
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EUR/JPY technical analysis for May 8, 2013
RECOMMENDATION:
Sell stop (pending order) at 129.49.
Stop loss at 129.59.
Take profit at 129.35.
More analysis - at instaforex.com
GBP/USD - Sell bellow 1.56 - for May 08, 2013 (daily strategy)
The British pound will be more attenuated in its rise, and while it moves, as we have pointed several times, within a bullish channel on the daily charts. But in the medium and long term it is preparing for a fall to the level of 1.5280, the pound today is making a pullback to the bearish channel ceiling for the purpose of breaking it. Given that it is showing beginnings of a new bearish sequence, we recommend selling the pound at any price below 1.56 or on the level of 1.5560. Stop loss is placed on 1.5645, above 1.5623, weekly resistance, and above daily fractal 1.5633.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 10, 2013
RECOMMENDATION:
BUY Stop (Pending Order) @ 132.01.
Stop Loss @ 131.91.
Take Profit @ 132.15.
More analysis - at instaforex.com
EUR/JPY technical analysis for May 14, 2013
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
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
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 20, 2013
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
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
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
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