Euro Yen (EUR JPY) analysis

Forex, marché des devises Forex (foreign exchange), currency  trading Forex Forex Forex

Receive free alerts by email when technical analysis are updated.

updated analysis since 3 days

EUR/JPY - Euro Yen

EUR/JPY - Euro Yen

Short term (Intraday)

159,49. EUR JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The downtrend should continue to gather momentum. The target is expected at 153,00 (650 pips). The price should find a support above 159,00.
=> We could take a short position at 159,50. We will put the stop loss above 160,10 (-60 pips). The targets are 158,00 (+150 pips) 156,00 (+350 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
160,00 - 160,40
Supports
159,00 - 158,00
Long term chart
EUR/JPY - Euro Yen
updated 09 mai 2008 05:53 GMT

[Full Economic calendar]

Other tools

Mataf provides currency conversion tool (currency converter based on exchange rate). You can also fin the currency correlation, pivot points, economic calendar or volatility tool. We want to give you the best information for your trading.

Mon, 12 May 2008 04:12:20 +0200
(0.4615 seconds)