EUR/JPY | Technical Analysis | 10 February 2011
EUR/JPY rolled over from its highs today and started falling. This may be an Elliot wave 4 correction of the rise from the 7th Feb. It is currently consolidating but will probably fall again soon to support from the edge of the lower channel line of the rise at around 112.55. Read more
Showing posts with label euro yen. Show all posts
Showing posts with label euro yen. Show all posts
Thursday, February 10, 2011
Monday, February 7, 2011
EUR/JPY | Technical Analysis | 7 February 2011
EUR/JPY | Technical Analysis | 7 February 2011
EUR/JPY has rolled over after rallying up to the 112s this morning. The question is whether this could be the beginning of a new wave down or not. There is insufficient evidence to suggest this may be so although a fall to the old trend-line down from the November ‘10 highs at roughly 111.00 is probable. Read more
EUR/JPY has rolled over after rallying up to the 112s this morning. The question is whether this could be the beginning of a new wave down or not. There is insufficient evidence to suggest this may be so although a fall to the old trend-line down from the November ‘10 highs at roughly 111.00 is probable. Read more
Wednesday, January 26, 2011
EUR/JPY | Technical Analysis | 26 January 2011
EUR/JPY | Technical Analysis | 26 January 2011
more EUR/JPY Technical Analysis
This pair is in a sideways move. It has lost the momentum to go higher and yesterday’s sharp fall came to an abrupt halt at 112. The last 3 days have all been doji which is a slightly bearish sign although there has been no bearish confirmation from price.
Obviously a continuation to key resistance in the 114’s is still possible, whilst a move to the downside would first find support at the bottom of the range at 111.80.
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