empty
 
 
06.07.2015 10:13 AM
Technical analysis of EUR/JPY for July 06, 2015

This image is no longer relevant

Technical outlook and chart setups:

The EUR/JPY pair is trading around 135.90 at the moment, preparing to rally further towards 139.00 levels. Please also note that the support-turned-resistance trendline is also passing through 139.50/70. It is hence recommended to remain long now with risk below 133.00. Immediate support is seen at 133.95 (interim) followed by 133.00 and lower respectively. Resistance is seen at 139.00 followed by 140.00, 141.00, and higher respectively. Bulls are expected to remain in control until prices stay above 133.00.

Trading recommendations:

Remain long for now, stop is at 133.00, a target is open.

Good luck!

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback