الأربعاء، 10 فبراير 2016

Technical Analysis of EUR/JPY Intraday Trading




EUR/JPY dropped sharply again in Asia on Wednesday on continued uncertainty about the scope for easier monetary policy to beat long-running deflation.
Most Likely scenario:- Short Below @130.05 with target 128.08 For further retracement
Alternative :- Long above @130.05 with target 132.20 for further Extension

RSI divergence gives bearish indication

Moving average shows there is bearish movement during the Tokyo session

Candlestick Pattern:- Bearish Engulfing Pattern gives bearish indication

Summary:- Neutral


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