EURJPY - 12.09.2014

Market Profile

10.09.2014	11.09.2014	12.09.2014
138.14 K         138.09 KLM       138.04 KLMN      137.99 KLMNPYZ   137.94 JKLMNPYZ  137.89 JKNPXYZ   137.84 JKPQRTWXY 137.79 JPQRSTVWX 137.74 IJPQRSTVW 137.69 HIJPQRSTW 137.64 GHIJQST   137.59 GHI       137.54 GHI       137.49 DEFG      137.44 DEFG      137.39 ABCDEFG   137.34 ABCD      137.29 BC	138.47 R             138.42 NRYZ          138.37 MNPRWXYZ      138.32 KLMNPQRTWXYZ  138.27 KLMNPQRSTVWXZ 138.22 KLMPQRSTVWZ   138.17 JKLMPQRSVW    138.12 HJKLPQRV      138.07 BHIJPR        138.02 ABHIJ         137.97 ABCDGHIJ      137.92 ACDGHIJ       137.87 CDFGIJ        137.82 CDEFG         137.77 DEF           137.72 DE	139.14 TY           139.09 TY           139.04 TVY          138.99 STVWXY       138.94 STVWXY       138.89 RSTVWX       138.84 RSVW         138.79 RS           138.74 PQR          138.69 FGNPQR       138.64 FGHLNPQ      138.59 EFGHILNPQ    138.54 DEFGHIJKLMNQ 138.49 CDEHIJKLM    138.44 CDIJKLM      138.39 BCDJK        138.34 ABC          138.29 AB
VAH= 138.09 POC= 137.74 VAL= 137.64	VAH= 138.42 POC= 138.32 VAL= 138.02	VAH= 138.79 POC= 138.59 VAL= 138.34

Tehnical analysis 

Levels

140.00

139.27

138.00

136.35

135.80

Indicators

Price crossed the MA100 on D1, reaching the new ATR HIGH Pivot.

On H4 the price is riding the upper band of BB, and doesnt seem to stop.

On the other hand the ADX show a overly strong trend, that may be exhausted next week (so be prepared for that).

The RSI is in oversold area since the middle of the day + volumes show to decrease.

Will EURJPY stop its ascension?
Maybe for a rally, a quick reversal should be improblable.