empty
 
 
10.07.2015 09:20 AM
Technical analysis of EUR/JPY for July 10, 2015

This image is no longer relevant

Technical outlook and chart setups:

The EUR/JPY pair is trading around 135.30 at the moment looking for an opportunity to be pushed higher after intraday dips. The pair met resilience around 133.50 at the past few trading sessions and bounced throughthe level of 135.00 indicating potential reversal from here. Also note that immediate support around 133.00 remains intact, adding further confidence into the bullish setup. It is hence recommended to remain long for now with risk around 133.00. Immediate support is seen at 133.00 followed by 131.00 and lower while resistance is seen at 136.00 followed by 138.00, 139.00, 140.00, and higher respectively.

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