EUR/JPY : Medium term bullish slant
--- Follow up analysis ---
The pair EUR/JPY has restarted yesterday its bullish slant. The price has just validated this morning the breakout of 104, offering a new buy signal. The pair is still moving above its medium term bullish channel (blue line).
We continue to advise long positions as far as 103.50 is support. The breakout of 104.50 will offer a new buy signal and will open the way towards the resistance at 105.
In case of return below 103.50, we will then be neutral between this level and 103.
Analysis published by Vincent, the 10/25/2012 at 10h 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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