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 Technical Analysis for EUR/JPY

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fxpulsation



Posts : 8759
Join date : 2012-01-25

PostSubject: Technical Analysis for EUR/JPY   Thu Mar 06, 2014 10:32 am



Technical Analysis for EUR/JPY

The pair is trading positively away from 140.15 and positive within the ascending channel over intraday basis, targeting next 142.25. The breach of this level is the key toward 145.65. Therefore, the upside move remains valid as far as the pair holds above 140.15 then 139.45.

Support: 140.15, 139.45, 138.70, 138.45, 138.05
Resistance: 141.10, 141.40, 142.25, 143.15, 143.55

Recommendation The outlook for EURJPY is positive above 140.15 and today’s risk-limit is below 139.45
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