empty
 
 
19.06.2014 05:29 AM
Technical analysis of EUR/JPY for June 19, 2014
This image is no longer relevant

Technical outlook and chart setups:

1. The Eur/JPY seems to be facing resistance just ahead of the fibonacci 0.618 levels as seen here. The pair could reverse from 138.50 levels, towards fresh lows. Recommendations are to initiate short positions here, risk remains 140.00.

2. Support is seen st 138.00 levels (interim), followed by 136.50, 134.00 and lower, while resistance is at 140.00, followed by 141.00, 142.50/143.00 and higher respectively.

3. The structure indicates that EUR/JPY might reverse from 138.50 levels. A break below 138.00 could be extremely bearish for the pair, towards 132.00 levels.

Trading recommendations:

Remain short now, stop at 140.00, 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