For Traders

Analytical Reviews

Technical analysis

26.06.201506:46 Forex Analysis & Reviews: Technical analysis of EUR/JPY for June 26, 2015

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical outlook and chart setups:

The EUR/JPY pair took out stops placed at 137.80 yesterday. Now it seems to be holding its trend-line support around 138.00. The next fibonacci support is seen at 137.00. but a bounce from current levels is possible. It is recommended to remain flat for now, but a push above 139.00 could take place with risk at 137.40. Immediate support is seen at the level of 137.00 followed by 135.00, 133.00, and lower. Resistance is seen at 139.00 (interim) followed by 140.00, 141.00, and higher respectively.

Trading recommendations:

Remain flat for now, buy on a break above 139.00.

Good luck!

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.