fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EUR/JPY Mon Sep 02, 2013 10:27 am | |
| Technical Analysis for EUR/JPY The EUR/JPY pair conducted bearish attempts however was blocked by 129.70, forming a solid support in the face of intraday trades. That makes us expect positive trading ahead, targeting 130.85 that will clear the path toward 132.70 if breached. Note that breaking 129.70 will halt our expectations and lead to bearishness that targets 128.80 then 127.90 if the former is breached. Support: 129.70, 128.80, 127.90, 127.40, 127.00 Resistance: 130.40, 130.85, 131.40, 131.95, 132.40 Recommendation Based on the analysis above, we recommend buying above 129.70, targeting 130.85 and 132.70 and stop-loss with 4-hour closing below 128.80. | |
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