empty
 
 
25.05.2015 07:42 AM
Technical analysis of EUR/JPY for May 25, 2015

This image is no longer relevant

Technical outlook and chart setups:

The EUR/JPY pair is trading around 133.50/60 now after hitting a low at 133.28 earlier. The pair has dropped close to the levevl of 133.00 as expected and could possibly retrace higher before continuing to drop lower again. It is hence recommended to take profits on the short positions taken earlier. Aggressive trade setups could be to initiate long positions now with risk below 133.00. Immediate support is seen at the levels of 133.00/20, followed by 131.50, 129.00, 128.00, and lower. Resistance is seen at 135.50 (interim), followed by 137.00 and higher respectively.

Trading recommendations:

Book profits on short positions now. Initiate 50% long positions stop at 132.80, a target is open.

Good luck!


Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $1000 more!
    In April we raffle $1000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback