eur/jpy predict and trend

[skyhit]

10-5-2007
eur/jpy 162.79
still up tren i think
can move to 163.50 maybe

[rodman21]

Prices are trading steadily higher, with 162.80 now approaching. Clearance opens up congestion around 163.00, but any further extension beyond here should be limited, as

intraday structure remains non-impulsive. Support is at 162.50, with 162.25 below. A later break of 161.85 confirms deeper EUR reactions.


R5: 163.62 * 3 May (w) high

R4: 163.37/44 4-8 May highs

R3: 163.25 intraday cong

R2: 163 * intraday cong

R1: 162.8 intraday high

S1: 162.5 intraday cong

S2: 162.25 intraday cong

S3: 162.04 9 May low

S4: 161.85 ** 8 May low

S5: 161.65 26 Apr low

[rodman21]

EUR remains firm, but we expect selling pressure to increase between 163.00 and 163.62, capping any further nearby gains. Support now begins at 162.72/58, ahead of 162.33. Failure

here, which is in focus later, would turn the bias back down with 161.85 next. Beneath there lies 161.65.

[rodman21]

EUR/JPY is now looking poised to break through the minor level at 161.65 and then try to break through the next minor level at 161.24. Downside risk would be to 160.19

[anuar]

PIVOT POINT

Summary Table
EUR/JPY 12:00 GMT

Period
H L C S3 S2 S1 P R1 R2 R3

Daily
162.62 161.05 162.54 159.95 160.50 161.52 162.07 163.09 163.64 164.66

4 Hours
162.90 162.68 162.84 162.49 162.59 162.71 162.81 162.93 163.03 163.15

Hourly
163.06 162.86 163.05 162.72 162.79 162.92 162.99 163.12 163.19 163.32

[Resolve]

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