EUR/JPY : rebound programmed by the fundamental
--- Follow up analysis ---
The pair EUR/JPY has failed to get over the resistance at 104 last week after a validation of the breakout of the bearish slant (brown lines). The price made a pullback on this slant and is currently testing again 104.
We continue to advise long positions as far as 103 is support. The breakout of 104 will give a new buy signal. A new bullish wave will be then expect towards 104.50 and 105 in extension.
In case of return below 103, we will be neutral between this level and 102.50.
Analysis published by Vincent, the 11/19/2012 at 10h00
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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