Short term
Trade view / 29 May 2015 at 6:09 GMT

Trend supports further gains for EURJPY

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: EURJPY
Price target:
Market price:
Background

The rejection of levels below the trend of higher daily lows, and above the 100-day moving average, continued yesterday. Net upside was posted for a third day in a row and although the speed and scope of the gains means intraday sentiment is overbought, setbacks are currently finding fresh demand with momentum and strength indicators also supporting.

Management and risk description

A move above 135.94 means the risk level can be raised to break even.

Parameters

Entry: 135.60/65 area and dip to 135.21

Stop: 134.85 offered

Target: 135.94, 136.27 or even 136.61

Time horizon: Ending Monday June 1

Bought at trend
Bought at Trend
 Steady upside
Steady Upside
 Long term
Long Term
Source: all charts CQG. Create your own charts with SaxoTrader. Click here to learn more  

— Edited by Gayle Bryant

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Non-independent investment research disclaimer applies. Read more
4y
JulieDeiy JulieDeiy
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