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EUR/JPY : Return above 97?
Sentiment :
The pair EUR/JPY has rebounded on the lower band of its medium term bearish channel (purple lines) and is currently validating a return above 97.

This return should allow the price to reach the midline of its channel. We stay neutral between 97 and 98.
The breakout of 98 will give a buy signal.
A return below 97 will give a sell signal.

Analysis published by Vincent, the 07/17/2012 at 10h00 GMT+2

Update the 07/20 - The pair EUR/JPY felt again below 97 and has validated the breakout of 96.50, offering a new buy signal.
The pair is still moving into its bearish channel (purple lines).

In extension, the EUR/JPY found support on 96.25 since mid July.

A return above 96.50 should allow the price to make a pullback on 97 but the breakout of 96 will give a new sell signal.

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

Chart of the pair EUR/JPY - Timeframe 1H


Chart of the pair EUR/JPY - Timeframe 4H


EUR/JPY Live Chart - Timeframe : 4h