empty
 
 
17.06.2014 10:35 AM
Technical analysis of EUR/JPY for June 17, 2014
This image is no longer relevant

Technical outlook and chart setups:

1. The EUR/JPY pair remains vulnerable 140.00 resistance remains in place. The pair might be heading towards a complex correction below 136.50 levels. Recommendations are to sell rallies for now.

2. Support is at 137.80/90 (interim), followed by 136.50, 134.00 and lower while resistance is seen at 140.00 followed by 141.00, 142.50/143.50 and higher up respectively.

3. The structure indicates that EUR/JPY bears shall remain in control below 140.00 levels for now.

Trading recommendations:

Remain flat. Look to sell higher.

Good luck!


Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback