fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EUR/JPY  Wed Sep 04, 2013 10:16 am | |
|  Technical Analysis for EUR/JPY The EUR/JPY pair fluctuates in a sideways range above 130.85, supporting the continuation of the positive scenario we proposed in previous reports. Primary targets lie at 133.75 and the Moving Average 50 is offering good support to the bullish wave. Our outlook for bullishness stands valid and intact, provided that the price doesn't break and reside below 130.85. 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 the pair above 130.85, targeting 131.90 and 132.70 and stop-loss with 4-hour closing below 130.10. | |
|
