EUR/JPY Technical Analysis (Euro / Yen) - Forex
International Business Times
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February 16, 2013 1:53 AM EST

Forextribe
Updated the:
02/15/2013
EUR/JPY : rebound programmed by the fundamental

Sentiment :
sentiment sur la parité AUD/USD
125
sentiment sur la parité AUD/USD
124
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair EUR/JPY felt below 125 yesterday and just validated this morning a break-down of 124 points (sell signal).

The price is back on its medium term bullish slant (purple line on charts - see the previous analysis for better understanding)

On the short term, the price is moving in a downtrend channel (orange lines). The center line of the bearish channel is currently resistance.

I advise traders to trade the pair outside the range 124/125:

- Only long positions above the 125 points. The upward break of 126 and 127 points would then offer new buy signals for a take up of the bullish trend.

- Only short positions below 124 points. Downward breaks of 123 and 122 points would then offer new sell signals for an extension of the bearish movement.
Full analysis
Analysis published by Vincent, the 02/15/2013 at 09h15 GMT+2

- Complete sheet of the pair EUR/JPY - Previous EUR/JPY Analysis -
Chart of the pair EUR/JPY - Timeframe 1H
EUR/JPY Technical Analysis
Chart of the pair EUR/JPY - Timeframe 4H
EUR/JPY Technical Analysis
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