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    Technical analysis of EUR/JPY for Febuary 10, 2015

    General overview for 10/02/2015 11:35 CET

    The momentum in this market is almost gone as it is shown by the RSI indicator that is currently forming a triangle. The pair is still trading inside the daily range, between the levels of 133.63 - 135.36. Only a breakout higher above the level of 135.36 would invalidate the alternative scenario and put the level of 137.64 in view for test. Otherwise, the bias looks bearish and one more wave to the downside is needed to complete the impulsive cycle.


    136.74 - Key Resistance

    137.27 - WR2

    136.15 - WR1

    135.36 - Intraday Resistance

    134.22 - Weekly Pivot

    133.63 - Intrday Support

    133.11 - WS1

    132.32 - Key Level To The Downside

    Trading recommendations:

    Sell orders advised yesterday should be still kept open. SL should be placed above the level of 135.36 and open TP level for now.


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    Sebastian Seliga neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
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