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| EUR/JPY |
SUMMARY:
The major trend of EUR/JPY is bearish but from past 2-3
weeks prices are not sustaining at lower levels & consolidating
near the important level of 135.50. Prices has given the breakout of
falling trendline & sustaining above the breakout level
successful y. Prices are taking support of 30 SMA & can come up
to test 200 SMA. Today if the pair breaks the psychological level of
135.35 at upside then we can expect it to test the level of 136.15.
RSI is sustaining in buying territory supporting the
upcoming bullish trend in the pair. MACD line has recently break the
zero line,indicating the up trend in the market.
 |
| Technical Chart |
STRATEGY
EUR/JPY is looking bullish on charts. One can go for buy on dips
strategy for this pair for intra day to mid term positions.
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