fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EUR/JPY  Thu Aug 15, 2013 10:35 am | |
|  Technical Analysis for EUR/JPY The EUR/JPY pair is retesting 129.70, stability above which is important to sustaining positive expectations on intraday basis. The Stochastic is reflecting oversold signals backing the uptrend, which will target areas of 130.85 and 132.70 however, that requires the price to consolidate above 129.70. Support: 129.70, 128.80, 127.90, 127.40, 127.00 Resistance: 130.35, 130.85, 131.40, 131.95, 132.40 Recommendation Based on the analysis above, we recommend buying the pair above 129.70, targeting 130.85 and 131.95 and stop-loss with 4-hour closing below 128.80. | |
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