fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EUR/JPY Tue Mar 26, 2013 9:19 am | |
| Technical Analysis for EUR/JPY The EURJPY pair broke 121.60 support, confirming the breakout below the range among 121.60-124.50, and thus we expect further downside attempts today, probably towards a retest of the major lows at 119.00 area. Holding below 121.60 will keep the bearish chances dominant. Support: 120.35, 120.00, 119.50, 119.00, 118.50 Resistance: 121.60, 122.00, 122.35, 122.80, 123.40 Recommendation Based on the charts and explanations above, we prefer to short the pair below 121.60 targeting 120.70, 119.25. Stop loss above 122.60 | |
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