EUR/JPY : Medium term bullish slant
--- Follow up analysis ---
The pair EUR/JPY is moving just above 100 points but wihtout any strength. The price is below its medium term bearish slant (blue line) and just validated the breakout of its short term bearish slant (brown line in h1).
We continue to advise short positions as far as 101 is resistance. The breakout of 100 will give a new sell signal and will open the way towards 99.50/99.
In case of return above 101, a buy signal will be given. We will then advise to trade only long positions.
Analysis published by Vincent, the 09/28/2012 at 10h00 GMT+2
Chart of the pair EUR/JPY - Timeframe 1H
Chart of the pair EUR/JPY - Timeframe 4H
|EUR/JPY Live Chart - Timeframe : 4h|
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