fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EUR/JPY  Tue Sep 03, 2013 9:42 am | |
|  Technical Analysis for EUR/JPY The EUR/JPY pair traded positively Monday and settled above 130.85, gaining support to continue the uptrend we expected in our previous reports. Our next target is at 132.70. The Moving Average 50 bolsters that bullishness and stands intact, provided that the pair stays above 130.85, more importantly above 129.70. Support: 130.85, 130.10, 129.70, 128.80, 127.90 Resistance: 131.40, 131.95, 132.40, 132.70, 133.00 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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