empty
 
 
02.12.2015 03:08 PM
Technical analysis of EUR/JPY for December 02, 2015

This image is no longer relevant

Technical outlook and chart setups:

The EUR/JPY pair is seen to be trading at the 130.50 levels for now looking to push through and trigger a rally at 132.30 and subsequently 134.00 levels at least in the coming sessions. It is recommended to remain long for now with risk around the 129.00 levels. Immediate support is seen at the 129.50/60 levels, followed by 129.00 and lower, while resistance is seen at the 132.20 levels and higher. Please note that bulls should remain poised to push higher until prices stay above 129.50 levels broadly.

Trading recommendations:

Remain long for now, stop is at 129.00, 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 $9000 more!
    In May we raffle $9000 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