EUR/JPY Technical Analysis comments :
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Sentiment : ![]() 110 ![]() 109 ![]() |
The pair EUR/JPY has validated yesterday a return below 110 and also the breakout of its medium term bullish slant (purple line).
The pair just found support on 109 and is trying to rebound.
Indicators are mitigated.
We stay neutral on the pair between 109 and 110.
We advise to wait an exit of this range to take position:
- Long above 110. The breakout of 110.50 and 111 will both give a new buy signal
- Short below 109. The breakout of 108.50 and 108 will both give a new sell signal.
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Showing posts with label Credit: Forex-Tribe. Show all posts
Showing posts with label Credit: Forex-Tribe. Show all posts
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated last friday a return above 110, comforting our bullish feeling and is currently testing the resistance at 111.
The pair is still moving above its medium term bullish slant (purple line).
All indicators are now bullish.
We continue to advise long positions as far as 109.50 is support.
The breakout of 111 and 112 will both give a new buy signal.
In case of return below 109.50, we will wait the breakout of 109 to advise short positions.


Commentary of the EUR/JPY pair :
The pair EUR/JPY is currently testing the support at 110.
Indicators are mitigated.
The pair is still moving above its medium term bullish slant (purple line).
We continue to advise long positions as far as 109.23 is support.
The breakout of 111 and 112 will both give a new buy signal.
In case of return below 109.23, we will wait the breakout of 108.50 to advise short positions.
The pair EUR/JPY is currently testing the support at 110.
Indicators are mitigated.
The pair is still moving above its medium term bullish slant (purple line).
We continue to advise long positions as far as 109.23 is support.
The breakout of 111 and 112 will both give a new buy signal.
In case of return below 109.23, we will wait the breakout of 108.50 to advise short positions.
- Bruno -