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Forex Trading : EURO YEN (EUR/JPY) Daily Technical Analysis

Last Updated (Wednesday, 10 March 2010 15:46) GMT

EUR/JPY Hourly Chart
EUR/JPY Hourly Chart
EUR/JPY Daily Chart
EUR/JPY Daily Chart
EUR/JPY (EURO YEN) outlook

This analysis is from March 9th. Unable to update today and tomorrow. Next analysis will be updated on March 12th.

EUR/JPY: Current 121.70.

The pair is moving within an almost perfect slopping down tunnel.  There can be a limit short position at 122.90 with a stop-loss at 122.25 (-35 pips) and take-profit target of first at 121.50 (+40 pips) and then 121.30 (+60 pips).

"Please see our longer-term outlook under trading Approaches".

 

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For weekly analysis for longer-term trades please visit "Trading Approaches" for this pair.
Resistance & Support levels
Resistances:123.34, 123.83, 124.77
Supports:    121.91 120.97, 120.48

We update Pivot Point calculations around 13:30 GMT. Please check the date of last update at the top of the page.
 

Standard Pivot Point for EUR/JPY Fibonacci Pivot Point for EUR/JPY Woodie Pivot Point for EUR/JPY Camarilla Pivot Point for EUR/JPY
R3 124.77 R3 123.83 R3   R3 123.24
R2 123.83 R2 123.28 R2 123.94 R2 123.11
R1 123.34 R1 122.95 R1 123.57 R1 122.98
Pivot 122.40 Pivot 122.40 Pivot 122.51 Pivot 122.40
S1 121.91 S1 121.85 S1 122.14 S1 122.72
S2 120.97 S2 121.52 S2 121.08 S2 122.59
S3 120.48 S3 120.97 S3   S3 122.46
Open 121.84 Open 121.84 Open 121.84 Open 121.84
High 122.89 High 122.89 High 122.89 High 122.89
Low 121.46 Low 121.46 Low 121.46 Low 121.46
Close 122.85 Close 122.85 Close 122.85 Close 122.85
Correlation: Please click here to check correlations with other currency pairs
 
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