Main Quotes Calendar Forum
flag

FX.co ★ EUR/JPY broken major resistance, remain bullish for a further push up

parent
Forex Analysis:::2017-08-28T01:56:13

EUR/JPY broken major resistance, remain bullish for a further push up

The price has broken above our major resistance at 130.42 (Fibonacci retracement, horizontal resistance-turned-support) and we turn bullish looking to buy on dips above this level for a push up to at least 131.41 resistance (Fibonacci extension, horizontal swing high resistance).

RSI (34) sees a bullish exit of our long term descending resistance-turned-support signaling a change in momentum.

Buy above 130.42. Stop loss is at 129.95. Take profit is at 131.41.

EUR/JPY broken major resistance, remain bullish for a further push up

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...