empty
 
 
26.07.2013 10:13 AM
EurJpy: Rising channel remains intact

This image is no longer relevant

Technical outlook and chart setups:

It seems that the single currency pair could be preparing to print higher highs from here on. The channel line depicted here has remained intact till now and it continues to hold, we would not be surprised to see fresh highs. It is recommended to remain flat for a while and let the prices react at 131/132 region which is the 0.786 resistance zone of the fall from 134.00 level to 125.00. Only a break below the channel line support would be a proof to sell aggressively again. Immediate resistance is the 133.80/134.00 region; while support is around 128.00 on the channel line. Prices could take a dip around 131.00 level before rallying again.

Trading recommendations:

Flat for now. Looking to sell on a channel line break or buying at channel support.

Good luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback