EUR/JPY Technical Analysis: Selling Pressure Gains Strength

| 27 juni, 2013 | 0 kommentarer

EUR/JPY Technical Analysis– Prices are edging lower as expected after putting in a bearish Evening Star candlestick pattern below falling trend line resistance set from late May. The first major layer of support from here is seen at 124.95, the April 16 low. Near-term term resistance is seen at 128.42, the 23.6% Fibonacci expansion, followed by the trend line at 129.13. We have entered short.

dailyclassics_eur-jpy_body_Picture_11.png, EUR/JPY Technical Analysis: Selling Pressure Gains Strength

Daily Chart – Created Using FXCM Marketscope 2.0

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail [email protected]. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya’s e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

E-postadressen publiceras inte. Obligatoriska fält är märkta *