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14.07.201503:49 Forex Analysis & Reviews: Technical analysis of EUR/JPY for July 14, 2015

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 14.07.2015 analysis

Technical outlook and chart setups:

The EUR/JPY pair is trading around 135.90 at the moment. It is already on its way towards 140.00 and higher respectively. Any further pullbacks from here should remain well supported ahead of 134.50. It is hence recommended to remain long for now and also look for an opportunity to add further positions on dips, with risk at the level of 133.00. Immediate support is seen at 133.00, followed by 131.30/50 and lower, while resistance is seen at 139.00 followed by 140.00, 141.00, and higher respectively. Intraday dips should be gained until prices stay ahead of 133.00 levels.

Trading recommendations:

Remain long for now, stop is at 133.00, a target is open.

Good luck!

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