Technical Analysis
Request an Analysis
Trade Ideas & TA
EUR/JPY Technical Analysis
(Euro / Yen)
Updated the: 05/22/2013 |
EUR/JPY : what to do after this bullish rally? |
Sentiment :  132  132  |
--- Follow up analysis ---
A new bullish wave has occured yesterday on the pair EUR/JPY.
The price has validated the upward breaks of 132 and then 132.50 points and is now testing this morning the next resistance at 133 points. The EUR / JPY is still above its bullish slant (blue line). I advise traders to trade only long positions as far as 132 is support. The upward breaks of 133 and then 134 would both offer a new buy signal for an extension of the rally towards new medium / long term highs . In case of return below 132 points (breakout of the slant - blue line), a sell signal will be given and short positions will be then advised. Full analysis Analysis published by Vincent, the 05/22/2013 at 09h55 GMT+2 |
Chart of the pair EUR/JPY - Timeframe 1H |
|
|
Live EUR/JPY Chart - Timeframe : 1H*
Chart powered by:  |
News and Analysis of the EUR/JPY currency pair
22/05/13 - European Market Update - 05/22/2013
22/05/13 - Forex Technical Analysis : 05/22/2013
21/05/13 - Japanese Mostly Lower Today
21/05/13 - Dollar Off The Recent Top
21/05/13 - Dip buying on USD/JPY
21/05/13 - Japanese yen fell on BOJ’s upcoming meeting
20/05/13 - Minister's comments spur yen move at open
20/05/13 - Forex Technical Analysis : 05/20/2013
17/05/13 - Forex Technical Analysis : 05/17/2013
16/05/13 - Euro Mixed Today as Oil Probe Continues
16/05/13 - Japanese Yen Remains Weak after GDP Reading
16/05/13 - Fool's Gold - The Dollar? No Way
16/05/13 - Euro Drifting Further South