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EUR/JPY is currently into a bearish rally. The pair is now below the lower band of its medium term bearish channel. A pullback on this line as resistance seems possible.
We advise to trade only short positions as far as 95.50 is resistance. The breakout of 94 will give a new sell signal and will open the way for new historics lows.
EUR / JPY pair is still continuing its upward trend I expect to reach the levels of resistance at 99.00 but he has to break the downtrend
http://www14.0zz0.com/2012/07/27/15/611386733.png
The pair work out, and came to the divergence of the resistance is 97.40, and is still moving average with a period of 20, I think with the pace of growth which shows a couple in the last days can be secure above 98 figures and then the goal of 101.20 ..
EURJPY on look to be more bulls = we see from the low fibo at 94.10 = pullback bulls. So, of course - with this look, I see the more probably price to continue bulls still here and we can search for next Buy OP. Note : MACD line - look to pullback to bulls too, I see.
Trend to the top on EUR / JPY gained a very strong slope, now we can see that the pair rested on a certain level of 97.20 ... but judging by how hard a couple grows I think the breakdown of the north will be held as early as next week ... so I'm for growth ...
Rate of EUR / JPY after creating a hole at 94.10 rebounded strongly from this area and dynamically firmer. However, if the rate drops below 95.60 is expected to return to the inheritance and re-test 94.10 area.
actually nothing to say about this pair. because i had lossed my first position money by investing on this pair. next time i earned from it.
EUR / JPY closed the week strong bullish candle but the pair break the downtrend on the weekly frame to make sure of the shift in the direction of the landing for the rise
the most likely scenario
the pair can move up to test the 1st resistance on 96.65
alternative scenario
the pair can move down to test the 1st support on 96.20
Weekly points are dealt with through the pair
Sales target of 97.65 points, 150 points stop lose 60
Purchase of 94.40 points, target 80 pips Daily close under our stop that level
Thank you