Daily Chart

• On a Daily Chart we could see a huge fall continuous for 4 days
• Fall from ascending channel 
• Looks bearish and some may argue we could find lows as we continue the bearish tone. However I have spotted this cypher pattern which could work nicely due to the fact these patterns if formed at top and bottoms work much better

• We have a potential Cypher Pattern
• Stochastics is extremely oversold but remains in the oversold (slight divergence) - this doesn't mean anything but still in a bearish mode
• RSI - slight divergence where its starting to head up above 30

• Obvious Stochastic Positive divergence
• Near Resistance

• Stochastics is overbought territory but still rising
• RSI is also pointing upwards
• Last week Candle is a small bullish hammer closing higher than its previous huge bullish candle
• However candle body is small

• Technically Chart is showing that bulls are in control and pushing prices to the high 0.92, and if we manage to trade there, a high chance we will break to the upside to test its 0.935 which in terms of Fibonacci it has very strong level and confluence
• Flip side, if we get a fail rally (currently Tuesday Asian Session), Looking to see a break of the ascending trendline to go short (for scalp / intraday trades)

• From my earlier analysis - EURJPY Forecast 31st, March 2014, I noted potential levels to look for, price has accelerated very quickly during london, and has past our first resistance area., Which now could come to our next resistance where a bearish cypher and trendline comes in

• Have we topped and Bearish Cypher in play?

• From Fridays Candle it seems perhaps we have found the top or at least a breather with few resistance in play
• Upper chanel
• 127.2 fib ext
• 78.6 Cypher completion (around 2-3pips away from pin point)
• Previous Support which now is resistance

• Would be looking for price to break and close support of 0.9218 to confirm change of trend .

MOVING AVERAGE Charts

Daily Trading Above 200MA (but other MA's are messy) Daily Trend - Unknown

H4 MA are in line in a bullish trend (50,100,200 all in sync) H4 Trend - Bullish

H1 MA are in Bullish Trend (50,100,200 all in sync) However price is flirting the 50MA H1 Trend - Bullish

15min MA - perhaps start of bearish trend as the 50 and 100 crossed (200ma yet to) 15Min Trend - Bearish Perhaps?

• Confluence levels of fibs highlighted on chart
• Also a previous support and resistance from yesterday
• Close to a 200ma

• Ichimoku clouds are near the monthly pivot and 61.8 / break out level
• Flat tekan and kijun line even though a bearish run 

• Bullish Bat -
• Reversal zone has excellent overlapping 61.8 and 88.5 fib as well as monthly pivot

• Stochastics are in a very bullish momentum even though its over bought
• Descending trendline with two touches
• Broken Ascending Trendline which acted as resistance on two touches

• Potential three drive up, which completes at potential reversal zone (Cypher Pattern)
• Zone is also at 88.6 / 127.2 and Weekly R2 Pivot confluence

• After the news from the FED it performed a bearish day last Wednesday, However market performed a bullish pin bar on the following day, and the bullish momentum did carry on till Friday
• Also the Major crosses to the USD, the Aussie was the most resilient.
• Most importantly we have had already couple of days which we are closing at this strong resistance (Monthly Pivot R1, and this weeks Weekly Pivot), This shows to me that there is still strength to the upside
• I believe there is one more leg up towards the 0.92-0.925
• There is a ascending channel which we are in
• Note that there is this harmonic pattern (cypher) which completes around 0.93

• Chart is taken around noon Asian session (monday) - you will see the 4hr pin bar (news affected sell off but rebounded)
• The Ichimoku clouds on the 4hr, is not far away, and could provide resistance to push the market to trade above 0.91

• Broken ascending chanel

• Potential price to stall at the highlighted level / light blue level (1.375 approx)

• Overlapping Fib, + potential harmonic pattern completion

• US Dollar index is also close to my resistance

• We are trading into resistance, and with Price action performing minor pin bars, I was not too convinced to take a short due to the recent bullish momentum
• And the fact that price has been sitting around this area, is not appealing to me for a short

• Stochs is starting to diverge and crossing and close to trading below 80 (note we have been trading in a stoch's overbought for quite some time)

• Current Stochastics is showing strength to the upside, however price action from last week suggest perhaps a lower low is in favour
• Although the Fib 38.20(from feb low to high) with confluence of previous resistance, and current monthly pivot  is extremely important level to hold if we continue to bullish trend.  It is possible for price to break this support as a false break and bounce back up. Reasons are
• We have an ascending trendline at a Fib 50 level
• We have a possible Bullish Gartley Harmonic Pattern also at the same area of the fib 50 and trendline
• If prices were to retrace back to the fib 50 level, Daily Stochastics could have a positive divergence which will strengthen the trade