|EUR/JPY : Bullish rally above 100|
--- New analysis ---
A strong bullish rally occured on the pair EUR/JPY since the breakout of 100. The breakouts of 101 and 102 gave us on friday new buy signals. The price just reached the resistance at 103. The pair seems now to move above a medium term bullish slant (blue line).
We continue to advise long positions as far as 101.50 is support. The breakout of 103 will give a new buy signal and should allow the price to reach the next resistance at 104.
In case of return below 101.50, we will be neutral between this level and 100.
Traders with a most agressive strategy could trade the pair according to 102 (long above and short below).
Analysis published by Vincent, the 09/17/2012 at 10h30 GMT+2
|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|