EUR/JPY : Medium term bullish slant
--- Follow up analysis ---
The pair EUR/JPY is now moving below a short term bearish slant in h1. The price has already validated the breakout of 100.50 but has some difficulties to pursuit its movement. On the medium term, the pair is still moving below its bullish slant (blue line).
We advise to trade the pair according the 101:
- Only short positions below. A pullback on this level stay possible if 100.50 do not act as resistance. The breakout of 100.25 will give a new buy signal and will open the way towards 100
- Only long positions above. The breakout of 101.50 will allow the price to reach the next resistance at 102.
Analysis published by Vincent, the 10/11/2012 at 10h30 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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