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Forecast EJ - Technical Analysis Week 20130624

Posted by Nelayan Forex On 6/23/2013 05:22:00 PM
By FX Empire Analyst - Christopher Lewis: 

eurjpyWEEK

The EUR/JPY pair attempted to break above the 130 handle again over the last week, but as you can see failed. The matter fact, on the daily chart we have two shooting stars in a row and this of course shows more weakness in them the weekly chart by itself shows. That being the case, we are simply going to wait and hope that this market pulled back to the 125 handle yen, which is an excellent place to start buying. If we get that move, we won’t hesitate on signs of support to start getting long.

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