|EUR/JPY : Return above 97?|
|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.
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.
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