Forex - EUR/JPY Technical Analysis (Euro / Yen)

By Roger Baettig | May 15 2012 4:56 AM

Updated the: 05/15/2012
EUR/JPY Technical Analysis comments :

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Sentiment : 104.45 104
The pair continues to move on the lower band of its bearish slant (purple line). The pair broke yesterday the support at 103, giving us a new sell signal. All indicators are bearish. We continue to advise short positions as far as 104 is resistance. The breakout of 102 will give a new sell signal and open the way towards 101. In case of return above 104, we will wait the breakout of 104.45 to advise long positions.

Complete sheet of the pair EUR/JPY - Previous EUR/JPY Analysis

Chart of the pair EUR/JPY - Timeframe 4H - Zoom in :

EUR/JPY

Chart of the pair EUR/JPY - Timeframe 4H - Zoom out:

EUR/JPY

EUR/JPY Live Chart - Timeframe : 4h

Chart

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