fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EUR/JPY Mon Oct 28, 2013 10:18 am | |
| Technical Analysis for EUR/JPY The pair is currently testing 134.95 waiting for a breach above it which holds the key for extending bullishness towards 137.00 as the main target for the intraday upside wave. The MA 50 continues to support the pair from below supporting our expectations to see more gains for the euro against the yen in the coming days as far as the pair holds above 133.45 areas. Support: 134.00, 133.45, 132.65, 132.25, 131.45 Resistance: 134.95, 135.35, 136.00, 136.65, 137.00 Recommendation Based on the above, buy the pair above 134.00 targeting 134.95 then 136.00 and stop loss at four-hour closing below 133.45 | |
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