| Updated the: 02/15/2013 |
EUR/JPY : rebound programmed by the fundamental |
Sentiment : ![]() 125 ![]() 124 ![]() |
--- Follow up analysis --- 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. |
| - Complete sheet of the pair EUR/JPY - Previous EUR/JPY Analysis - |
| Chart of the pair EUR/JPY - Timeframe 1H | |
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