empty
 
 
19.06.2015 07:59 AM
Technical analysis of EUR/JPY for June 19, 2015

This image is no longer relevant

Technical outlook and chart setups:

The EUR/JPY pair is trading around 139.70 at the moment after yesterday's pullback lower from 140.70. There is a possibility that the pair will drop lower in a corrective manner before rallying higher again. Bulls are poised to remain in control until prices stay above 138.00. It is hence recommended to book profits on long positions taken earlier and look to enter buying again ahead of 138.00. Immediate support is seen at 138.00 followed by 135.00, 133.00, and lower. Resistance is seen at 141.00 followed by 142.00 and higher respectively.

Trading recommendations:

Book profits on long positions and look to enter long again at lower levels.

Good luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
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 $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

Recommended Stories

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