fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EUR/JPY  Mon Dec 09, 2013 8:50 am | |
|  Technical Analysis for EUR/JPY The pair breached the sideways resistance mentioned in previous reports, opening way for EURJPY to resume the general uptrend. The upside move is organized within the ascending channel and supported by the MA 50 eyeing upside targets from 142.40 and extend towards 145.45. The upside move requires stability above 139.15, while momentum indicators might force the pair to fluctuate sideways before resuming the upside move. Support: 140.80, 140.35, 139.15, 138.45, 137.70 Resistance: 141.50, 142.40, 143.00, 143.45, 144.00 Recommendation Based on the above, buy the pair above 140.35 targeting 141.70 then 142.40 and stop-loss below 139.15 | |
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