fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EUR/JPY  Tue Oct 22, 2013 10:39 am | |
|  Technical Analysis for EUR/JPY The pair managed to settle trading Monday above 134.00 providing the needed trigger to extend intraday and short term gains; our initial target resides at 134.95. The MA 50 supports our positive outlook which remains valid as far as the pair remains stable above 133.05 areas. Support: 134.05, 133.45, 133.05, 132.65, 132.25 Resistance: 134.95, 135.35, 136.00, 136.50, 137.00 Recommendation Based on the above, buy the pair above 134.05 targeting 134.95 then 136.00 and stop loss at four-hour closing below 133.05 | |
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