Technical analysis
Gerardo Porras
EUR/JPY
The Euro - Japanese yen pair has formed a bottom around 103.40. this level is strong support because in 4 hours charts, thirteen times and tried to drill this level has been unsuccessful. Given that the euro is now showing signs of recovery, we can enter a buy order in the future, only if the pair manages to break his line so sharp downtrend and closed above 1.0445. With a medium-term goal to the last resistance of 1.0789, the range indicator shows oversold upward bounce is imminent. On the other hand, we will place stop loss just below the 103.40 level test. yen per euro.
http://instaforex.com/forex_analysis/44186/?x=OUE
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