empty
 
 
18.05.2015 08:42 AM
Technical analysis of EUR/JPY for May 18, 2015

This image is no longer relevant

Technical outlook and chart setups:

The EUR/JPY pair faced resistance around the 136.00/137.00 region and should be looking to produce a meaningful retracement lower before resuming its rally. The pair is seen to be trading around 126.75/77 and producing a stat doji on the H4 chart view. It is hence recommended to initiate fresh short positions with risk at the level of 137.50 now. Immediate support is seen at 133.00 followed by 132.00, 129.00, 128.00, and lower while resistance is seen at the level of 137.00 followed by 138.00 and higher respectively.

Trading recommendations:

Initiate fresh short positions for now, stop at 137.50, a 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