empty
 
 
25.03.2014 02:32 PM
Technical analysis of EUR/JPY for March 25, 2014

This image is no longer relevant

Technical outlook and chart setups:

1. The EUR/JPY pair is still testing the trendline support at 140.50/141.00 levels. A break lower from here, would bring control back with the bears and fresh lows below 136.00 would be seen. Conservative approach is to remain flat for now.

2. The immediate support is at 138.50/136.50 (interim), followed by 134.00, 131.00 and lower while resistance is at 144.00 (interim), followed by 145.50 respectively.

3. The structure reveals that EUR/JPY needs to break above 141.60/70 or below 140.50 to decide further direction. More probability is inclined towards the lower side though.

Trading recommendations:

Aggressive setup is to remain short, stop is at 144.00, target is open.

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