EUR/JPY Technical Analysis (Euro / Yen) - Forex
International Business Times
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February 19, 2013 2:15 AM EST

Forextribe
Updated the:
02/18/2013
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 found support last Friday on 123 points and on its medium / long term bullish slant (purple line).
Then, the price made a bullish rally, validating a return above 125 points.
The price is currently testing the upper band of its short / medium term bearish channel (orange lines on charts).

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

Currently valid - 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 02/18/2013 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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