Thursday 16 May 2013

EUR/JPY Trend Continuation


EUR/JPY Trend continuation is scoring following 7 points

1. Higher Highs & Higher Lows
2. Above 50 & 200 EMA
3. Horizontal Support                         (131.15)
4. RSI Convergence
5. Bullish Price Action                        (Doji Bar & Inside Bar)
6. No Level of Resistance in the way.
7. FIB Retracement support               (0.382 - 0.50)