Quantcast

EURJPY: Builds On Recovery Gains

October 4, 2012 10:20 am  in Forex Analysis

0
  

EURJPY- While the cross continues to build on its bullish tone, it will have to break and hold above the 103.85 level to end its bear threats. This if seen will pave the way for a run at the 104.42 level. And possibly the 105.00 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 100.70 level where a violation will open the door for a move lower towards the 99.51/63 levels. EURJPY may see a respite here and turn higher. Further down, support lies at the 97.80 level where a break will call for a push lower towards the 95.72 level. All in all, though maintaining its broader medium term upside, it will have to break above the 103.85 to trigger that trend.

Author Info

Avatar of FXTechstrategy Team
FXTechstrategy Team
FXTechstrategy provides you easy-to-use and high-quality forex research and tools to help you quickly and easily make better trading decisions and improve your trading results.

Contributor Contact, Accountability and Policies

1 response to EURJPY: Builds On Recovery Gains

  1. I simply want to meotnin I am very new to blogging and absolutely enjoyed your web site. Very likely I’m want to bookmark your website . You amazingly have very good articles and reviews. Thank you for revealing your blog site.

Leave a reply

Your email address will not be published. Required fields are marked *

2012 aj lee online free wordpress
Follow

Get every new post delivered to your Inbox

Join other followers