Thursday , 19 April 2018

Home » RESOURCES » FOREX » Technical analysis of EUR/JPY for March 19, 2015

Technical analysis of EUR/JPY for March 19, 2015

Technical outlook and chart setups:

The EUR/JPY pair reached the level of 131.70 yesterday, before pulling back lower. The pair seems to be targeting for a wave 3 corrective rally towards 140.00. Therefore, it is recommended to remain long for now and look to add further on dips, with risk below the level of 127.00. Immediate support remains at 127.00 while resistance is seen at 136.50 on the daily chart view. Bulls should be poised to remain in control untill the price stays above the level of 127.00 from here on. Looking into the bigger picture, a corrective wave 3 rally towards 140.00.

Trading recommendations:

Remain long, stop below 127.00, target is open.

Good luck!

The material has been provided by InstaForex Company – www.instaforex.com

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Technical analysis of EUR/JPY for March 19, 2015 Reviewed by on . Technical outlook and chart setups:The EUR/JPY pair reached the level of 131.70 yesterday, before pulling back lower. The pair seems to be targeting for a wave Technical outlook and chart setups:The EUR/JPY pair reached the level of 131.70 yesterday, before pulling back lower. The pair seems to be targeting for a wave Rating:
scroll to top