FBS: Trading recommendations for EUR / JPY

Tatiana Norkina, an analyst of FBS


The Japanese currency continues to fall in price. Today, the pair EUR / JPY has broken up the figure of 142.00, but the strong resistance range with a more long-term timeframes is expected by bulls in the 142.40 / 70. Here, the pair may reverse and leave in the correction.

The attention should be paid to the divergence revealed by oscillators.

Bollinger band has been still positive, but it may soon begin to narrow the range of the tape.

Technical levels: Support - 140.80; resistance - 142.40 / 70.

Trading recommendations:

1. Sell - 142.70; SL - 143.00; TP1 - 141.20; TP2 - 140.80.


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