empty
 
 
25.12.2012 09:05 AM
EUR/JPY Remains Bullish; Retracements Should Be Bought

This image is no longer relevant

Technical Outlook and Chart Setups:

As depicted here, the structure remains fairly unchanged since the last 3 trading sessions. In fact, the currency pair seems to be bouncing back from the 111.00/110.50 region which is past resistance turned support now. A push through recent highs around 112.00 region will take it further up to 114.00 and higher. Intermediary support is at the 110.50/60, while resistance is through the 114.00 range. If prices fall back below the 110.50 levels, it remains quite possible that 109.50 would be in focus. Look to buy on dips.

Trading Recommendations:

Look to go long around 109.50, 110.00 region, or on a break above 112.00, target would be 114.00.

Good Luck !

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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