Updated the:
07/16/2012
EUR/JPY : On the lower band of its bearish channel
Sentiment :
sentiment
98
sentiment
97.50
sentiment
The pair EUR/JPY just reached the lower band of its medium term bearish channel (purple lines). The pair has validated the breakout of 97, offering a new sell signal. A pullback on this level stay possible.

The breakout of 96.50 will give a new sell signal and open the way towards 96.

In case of return above 97.50, we will then advise to wait the breakout of 98 to trade long positions.

Analysis published by Vincent, the 07/12/2012 at 15h20 GMT+2

Update the 07/16 - The pair EUR/JPY made a pullback on 97 as resistance and is now falling towards the support at 96.50. The pair is still moving into its medium term bearish channel (purple lines). The breakout of 96.50 will give a new sell signal and open the way towards 96. In case of return above 97.50, we will advise to wait the breakout of 98 to advise long positions.

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

Chart of the pair EUR/JPY - Timeframe 1H

EUR/JPY

Chart of the pair EUR/JPY - Timeframe 4H

EUR/JPY

EUR/JPY Live Chart - Timeframe : 4h

Chart