Initial resistance is at 137.30, yesterdays highs with Fibos at 137.44 and 86 above there. Support is at 136.35 and 135.65. Hourly trend is more or less flat which favours range trading though a 5-wave count from the 139.20 spike high is a bearish event.
EUR/JPY technicals
Source: www.forexlive.com

- Tags:
- Forex
- EUR/JPY
- technicals
Read more...
How to Trade the Forex Market Using Binary Options
By Alex Cadens – It is no secret that the Forex market can be a very profitable place to be if you...
Forex Market Update: US Dollar Mixed, British Pound Continues to ...
The USD briefly extended Friday's gains in Asian trading against some currencies, successfully sending EUR/USD to 1.3928 and Kiwi to lows of 0.6240 and ... See all stories on this...
Daily Market Wrap: March 6, 2012
Stocks fell sharply on Tuesday in the single largest decline for 2012 due to data that rekindled concerns about global growth, while a...
Downgrades in Europe
By TraderVox.com Tradervox (Dublin) - The EUR/USD opened the day negative pushing the currency pair to four month lows of 1.2656. The...
The systems of forex day trading
Ecommerce Journal Traders use several systems to buy and sell currency throughout the day with the expectation that the forex or stock will rise or fall in no seconds so as ... See all stories on this...