EUR/JPY : Medium term bullish slant
--- Follow up analysis ---
The pair EUR/JPY continues its bullish rally since our last analysis and is currently testing the highs of September towards 103.50. The breakouts of 102/102.50/103 gave us all a new buy signal before. The price is still moving above its medium term bullish slant (blue line).
We continue to advise long positions as far as 102.50 is support. The breakout of 104 will give a new buy signal and will open the way towards 105.
In case of return below 102.50, we will wait the breakout of 102 to advise short positions.
Analysis published by Vincent, the 10/18/2012 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|
For more reports, go to Forextribe
Join the Discussion