EUR/JPY Technical Analysis: Stalling After Range Break

| 12 juni, 2015 | 0 kommentarer

To receive Ilya’s analysis directly via email, please SIGN UP HERE

Talking Points:

  • EUR/JPY Technical Strategy: Flat
  • Support: 137.51, 135.33, 133.56
  • Resistance:138.86, 141.04, 142.51

The Euro paused to digest losses against the Japanese Yen after narrowly slipping through range floor support. A daily close below the 23.6% Fibonacci retracementat 137.51 exposes the 38.2% level at 135.33. Alternatively, a reversal above the 14.6% Fib at 138.86 clears the way for a test of the June 4 high at 141.04.

Prices are wedged too closely between near-term support and resistance levels to justify taking a trade on a long or short side from a risk/reward perspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

EUR/JPY Technical Analysis: Stalling After Range Break

— Written by Ilya Spivak, Currency Strategist for

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 *