|EUR/JPY : Close to the upper band of its bullish channel|
|The pair EUR/JPY is currently validating the breakout of 100 points, offering a buy signal. The price is going to test the upper band of its medium term bearish channel (purple lines).|
After the test of this resistance, the pair could make a pullback on 100 before an exit of this bearish channel.
The breakout of 101 will give a new buy signal and open the way towards 102.In case of return below 100 points, the trend will stay bearish.
Analysis published by Vincent, the 06/29/2012 at 9h30 GMT+2
|Complete sheet of the pair EUR/JPY - Previous EUR/JPY Analysis|
Chart of the pair EUR/JPY - Timeframe 4H - Zoom in :
Chart of the pair EUR/JPY - Timeframe 4H - Zoom out:
EUR/JPY Live Chart - Timeframe : 4h