empty
 
 
14.08.2012 10:14 AM
EUR/JPY Intraday Technical Analysis

This image is no longer relevant
 

 

The spot rate bounced off to the lower limit of its medium term bullish channel at 95.80 and approaches now to the intermediate resistance of this one at 97.50 suggesting a decline. However, a break through these levels will release good potential and reach the upper limit of this one to 98.60.
Technical indicators provide buy signals but approach overbuy zone supporting the assumption of a decline. Nevertheless, until the resistance is not broken, the hypothesis of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement. Furthermore, the spot rate is currently breaking the superior band suggesting acceleration in short term.
We recommend to buy the spot rate as soon as is broken through its resistance of 97.50 with the 1st objective at 98.10 and then at 98.60. A breakthrough 97.30 will invalidate this scenario.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $10000 más!
    ¡En Enero, sorteamos $10000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback