EUR/JPY : Medium term bullish slant
--- Follow up analysis ---
The pair EUR/JPY has validated a return above 103.50, offering a buy signal. The price is moving since our last analysis since the support at 103.50 and the resistance at 104. The pair is still moving above its medium/long term bullish slant (blue line).
We still advise to trade the pair outside the range 103/103.50 :
- Long positions above 103.50. The breakout of 104 will give a new buy signal
- Short below 103. The first objective is set at 102.50. In case of breakout, 102 should be reached.
Analysis published by Vincent, the 11/02/2012 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|
For more reports, go to Forextribe
Join the Discussion