fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EUR/JPY Tue Jan 21, 2014 1:32 pm | |
| Technical Analysis for EUR/JPY The pair is now testing the MA 50 & 100 accompanied with Stochastic entering overbought areas, signaling the strength of current resistance areas, especially as 142.25 has the key to determine the next move. As mentioned yesterday, the pair must breach the mentioned resistance to return to the upside once again, or break the support at 140.15 which will extend the downside move toward 138.50 areas and accordingly we remain neutral for now. Support: 141.50, 140.90, 140.15, 139.60, 139.10 Resistance: 142.25, 143.15, 143.55, 144.05, 144.75 | |
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