| Forex Signals 09.07.2007 |
Headlines: Yen breaks record low against euro before interest rate announcement
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Long signal |
Short signal |
| EUR/JPY |
Buy a break of resistance level at 168.60
Buy a break of resistance level at 169.80
Buy a bounce at 167.30
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Sell a break of support level at 167.30
Sell a break of support level at 166.15
Sell if cannot break the resistance 168.60
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The Euro may continue the uptrend against the Japanese Yen; according to technical charts traders predict the price movements by using many time frame analysis, and oscillators like RSI, which gives us bullish signals. The daily chart shows that the EUR/JPY recently continues the uptrend. |
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Trends:
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Primary Tendency
The primary tendency continue the uptrend which started from 24 June 2005
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Secondry Tendency
The pair reached 168.51
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Minor Tendency
The hourly chart is in an uptrend
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Technical levels:
Resistance:
169.80
168.60
Support:
167.30
166.15
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