fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EUR/JPY  Mon Mar 18, 2013 11:08 am | |
| Technical Analysis for EUR/JPY The pair leaped more than 200 pips lower, starting the week sharply lower, and heading towards the 50-days SMA, the bias is strongly bearish, however, it’s too risky to short the pair from current levels as the risk-to-reward is inappropriate. Accordingly, we will remain on the sidelines in our weekly report, but look for intraday opportunities within the upcoming updates. Support: 121.80, 121.10, 120.30, 119.15, 118.80 Resistance: 122.65, 123.75, 124.15, 124.80, 125.75 Recommendation Based on the charts and explanations above, we prefer to be neutral.  | |
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