empty
 
 
25.12.2012 08:48 AM
EUR/JPY Weekly and Monthly Pivot Points and Signals For December 24-29, 2012

As we all know the Japanese government is determined to devalue its currency. The EUR/JPY pair is very bullish, but will the Japanese government be able to weaken the yen enough to keep buyers? Technical indicators such as RSI is in the overbought territory, so there is probably a correction during next few days. Thus, we have traced the likely movements according to the table pivots.

111.17 and 105.03 are weekly and monthly pivot points for this week for EUR/JPY.

Signals for December 24-29, 2012

Sell if pullback is at 112.41 (W_PPV) with take profit at 111.17, stop loss is above 109.85 (W_R1).

____WEEKLY_____
Weekly - R3 = 114.97
Weekly - R2 = 113.73
Weekly - R1 = 112.41
Weekly Pivot = 111.17
Weekly - S1 = 109.85
Weekly - S2 = 108.61
Weekly - S3 = 107.29

If you would like to get this indicator, feel free to contact me via e-mail: [email protected]

This image is no longer relevant

____MONTHLY____
Monthly - R3 = 117.07
Monthly - R2 = 112.37
Monthly - R1 = 109.73
Monthly Pivot = 105.03
Monthly - S1 = 102.39
Monthly - S2 = 97.69
Monthly - S3 = 95.05

This image is no longer relevant

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback