InstaForex - Analytics

    InstaForex

    740.25 6.25/10
    63% of positive reviews
    Real

    Technical analysis of EUR/JPY for June 02, 2015

     

     

     

    Show full picture

     

     

    Technical outlook and chart setups:

    The EUR/JPY pair is trading around the level of 136.50 now and is likely to face resistance here. The pair is expected to form a lower top below 137.00 and reverse towards the level of 130.00. Only a push above 137.00 would indicate that the pair could test 138.00/50 before reversing. It is hence recommended to remain short with risk at the level of 137.30 now. Immediate support is seen at 135.10 followed by 134.00, 133.00, 131.50, and lower while resistance is seen at 137.00 and higher respectively.

    Trading recommendations:

    Remain short, stop at 137.30, 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