22.04.201318:36 Forex Analysis & Reviews: EUR/JPY - Weekly and monthly pivot points and signals, for April 22 - 27, 2013

The EUR/JPY pair is trading below 131.74 resistance. This pair had a maximum at the 130.64 level, in turn, the USD/JPY pair was close to break the psychological level of 100 yen for a dollar. It is likely to find a bottom in the weekly pivot point of 128.37. If the pair closes the day below this level, it is likely a drop of the pair to 123.14 level, second support weekly.

Signals for April 22 - 27, 2013

Buy if rebounds around 128.37 (W_PPV) with take profit at 131.74 (W_R1) and 133.60 (W_R2), stop loss is below 127.50.                

____WEEKLY_____
Weekly - R3 = 136.97
Weekly - R2 = 133.60
Weekly - R1 = 131.74
Weekly Pivot = 128.37
Weekly - S1 = 126.51
Weekly - S2 = 123.14
Weekly - S3 = 121.28

If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com

____MONTHLY____
Monthly - R3 = 130.88
Monthly - R2 = 128.45
Monthly - R1 = 124.60
Monthly Pivot = 122.17
Monthly - S1 = 118.32
Monthly - S2 = 115.89
Monthly - S3 = 112.04