InstaForex - Analytics


    736.75 6.25/10
    62% of positive reviews

    Technical analysis of EUR/JPY for May 25, 2015




    Show full picture



    Technical outlook and chart setups:

    The EUR/JPY pair is trading around 133.50/60 now after hitting a low at 133.28 earlier. The pair has dropped close to the levevl of 133.00 as expected and could possibly retrace higher before continuing to drop lower again. It is hence recommended to take profits on the short positions taken earlier. Aggressive trade setups could be to initiate long positions now with risk below 133.00. Immediate support is seen at the levels of 133.00/20, followed by 131.50, 129.00, 128.00, and lower. Resistance is seen at 135.50 (interim), followed by 137.00 and higher respectively.

    Trading recommendations:

    Book profits on short positions now. Initiate 50% long positions stop at 132.80, a target is open.

    Good luck!



    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree