FX.co - EUR/JPY Intraday technical & Follow up July 8, 2011.

2011-07-08T13:09:04

Long-term review

As we Expected Level 115.70 limited further decline of the pair.

Long positions from this level are +90 pips.

It's recommended that some of the trading lot should be closed as the pair can face resistance at the current levels.

Area 116.00 - 116.20 can be a good area to add long positions again.

SL should be advanced to be placed below 115.40.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Mohamed Samy

FX.co ★ EUR/JPY Intraday technical & Follow up July 8, 2011.