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Technical Analysis
Daily Technical Analysis by Admiral Markets
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[QUOTE="Admiral Markets Group, post: 106979, member: 37217"] [B][SIZE=5]Yuppy is going down[/SIZE][/B] [SIZE=4] The EUR/JPY is making bearish swings on daily chart and our mini chart suggests a continuation of bearish trend. Sell on rallies could be possible close to POC 113.35-50 (H3,DPP, trend line). Additionally POC zone is 78.6 fib of the last bearish swing on H1 chart. The target is 112.75 and if the price makes a momentum break below 112.75, it will target 112.25. Only below 112.25, 111.40 is possible but it will hardly happen today as we are in a holiday trading mode. [ATTACH=full]7886[/ATTACH] [/SIZE] [/QUOTE]
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