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EUR/JPY : Moving between 98 and 99

Sentiment :

The pair EUR/JPY has validated yesterday the breakout of the resistance at 99, offering a buy signal. The price is currently testing the next resistance at 100.

We continue to advise long positions as far as 99 is support. The breakout of 100 will give a new buy signal and should allow the pair to reach the major resistance at 101.

In case of return below 99, we will neutral between this level and 98.

Analysis published by Vincent, the 09/03/2012 at 11h30 GMT+2

Full analysis

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