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    Technical analysis of EUR/JPY for October 02, 2015


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    Technical outlook and chart setups:

    The EUR/JPY pair seems to have reached a higher low at 133.50 yesterday and pulled back higher. The pair is trading around 134.15/19 at the moment and indicators (RSI and MACD) point to a continued rally through 138.00/139.00 at least. It is hence recommended to remain long for now with risk at 132.00. Immediate support is seen at 133.00 (interim) followed by 132.00 and lower while resistance is seen at 135.00 (interim) followed by 137.00, 138.00/139.00, and higher respectively.

    Trading recommendations:

    Remain long for now, stop is at 132.00, a target is open.

    Good luck!


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