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Analysis Of The Eur/jpy ParityTitle:
Technical analysis of the EUR/JPY parity on August 19th, 2010
Commentary of the EUR/JPY parity :
The parity continues to move on its key level at 110. Indicators are mixed. We advise to trade the parity according to the key level at 110. Below this level, we advise to trade only short positions. The breakout of 109 will give a new sell signal. However, above 110, we will wait a breakout of the next resistance at 111 to trade long positions.
See the previous analysis of the EUR/JPY parity of August 18th, 2010
Title:
Technical analysis of the EUR/JPY parity on August 18th, 2010
Commentary of the EUR/JPY parity :
The parity just made a rebound on 109. Indicators stay globaly bearish. We advise to trade the parity according to the key level at 110. Below this level, we advise to trade only short positions. The breakout of 109 will give a new sell signal. However, above 110, we will wait a breakout of the next resistance at 111 to trade long positions.
See the previous analysis of the EUR/JPY parity of August 17th, 2010
Title:
Technical analysis of the EUR/JPY parity on August 17th, 2010
Commentary of the EUR/JPY parity :
The parity continue to test the lowest of July towards 109.25/109. Indicators are globaly bearish. We maintain to trade only short positions as far as the price is below 110. THe breakout of 109 will give a new sell signal. The next support is at 108. However, as far as 109 is support, a return on 111 is strongly possible.
See the previous analysis of the EUR/JPY parity of August 16th, 2010
Title:
Technical analysis of the EUR/JPY parity on August 16th, 2010
Commentary of the EUR/JPY parity :
The parity is currently testing a rebound on the lowest of the begining of July. Indicators are mixed. We advise to trade only short positions as far as the price is below 111 (last highest). The breakout of 109 will give a new sell signal. The next support is at 108. However, as far as 109 is support, a return on 111 is strongly possible.
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Technical analysis of the EUR/JPY parity on July 29th, 2010
Commentary of the EUR/JPY parity :
The parity found resistance on the lower band of its former bullish channel. The price made a pullback on the highest of July and is testing a rebound. We maintain to trade only long positions as far as the price is above 113.50. A return above 114 will comfirm the take up of the bullish movement. The breakout of 114.75 will give a new buy signal.
See the previous analysis of the EUR/JPY parity of July 28th, 2010
Title:
Technical analysis of the EUR/JPY parity on July 28th, 2010
Commentary of the EUR/JPY parity :
The parity broke the resistance at 113, offering a buy signal. All indicators are bullish. The price is currently testing a breakout of the next resistance at 114. If validated, another buy signal will be given. We maintain to trade only long positions as far as 133.50 is support.
See the previous analysis of the EUR/JPY parity of July 27th, 2010
Title:
Technical analysis of the EUR/JPY parity on July 27th, 2010
Commentary of the EUR/JPY parity :
The parity is currently testing the resistance at 113. 112 is now support. All indicators are bullish but we maintain our last analysis: 'We advise to wait an exit of the range to take position:
- Long if 113 (113.50 in extension) is broken, as long as 112.50 will be support
- Short if 112 is broken, as long as 112.50 is resistance.'
See the previous analysis of the EUR/JPY parity of July 26th, 2010
Title:
Technical analysis of the EUR/JPY parity on July 26th, 2010
Commentary of the EUR/JPY parity :
The parity is currently testing the resistance at 113. 112 is now support. All indicators are bullish but we maintain our last analysis: 'We advise to wait an exit of the range to take position:
- Long if 113 is broken
- Short if 112 is broken'
See the previous analysis of the EUR/JPY parity of July 23th, 2010
Title:
Technical analysis of the EUR/JPY parity on July 23th, 2010
Commentary of the EUR/JPY parity :
The parity fake a breakout of the support at 111 to reach 110 in extension. The price is now back above 112 and is moving towards 113. Indicators are getting bullish but we stay neutral on the parity between 112 and 113. We advise to wait an exit of this range to take position:
- Long if 113 is broken
- Short if 112 is broken
See the previous analysis of the EUR/JPY parity of July 22th, 2010
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