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

Last Updated (Wednesday, 17 March 2010 14:19) GMT

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

EUR/JPY: Current 124.53

There is no good trade configuration for short-term trade and we are not taking a short-term position. The currency pair is running in sideways movement after finding resistance at the previous recent peaks of Feb 21st and Feb 22nd. If EUR/JPY breaks above 125.30 then it should go up towards 125.60 and possibly 125.80.

("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:125.31, 125.80, 126.54
Supports:     124.08, 123.34, 122.85

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 126.54 R3 125.80 R3   R3 125.15
R2 125.80 R2 125.33 R2 125.86 R2 125.04
R1 125.31 R1 125.04 R1 125.43 R1 124.92
Pivot 124.57 Pivot 124.57 Pivot 124.63 Pivot 124.57
S1 124.08 S1 124.10 S1 124.20 S1 124.70
S2 123.34 S2 123.81 S2 123.40 S2 124.58
S3 122.85 S3 123.34 S3   S3 124.47
Open 124.13 Open 124.13 Open 124.13 Open 124.13
High 125.07 High 125.07 High 125.07 High 125.07
Low 123.84 Low 123.84 Low 123.84 Low 123.84
Close 124.81 Close 124.81 Close 124.81 Close 124.81
Correlation: Please click here to check correlations with other currency pairs
 
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