After reaching a peak 102.77 in 30
minutes chart yesterday, the price confirmed that the Fibonaci
Expansion level is the strong resistance that EURJPY can not break if
there is no positive fundalmental news. EURJPY is moving in the channel
(see the chart). Today, we wait for the news of EUR Retail Sale m/m to
see if EURJPY can break 102.8. Following my chart, If EURJPY can not
breakout the channel at around 102.5 and go down to form the
Head&shoulder partern, the price will be down to the very low level.
The level to confirm EURJPY still in downtrend is 101.5. In my point
of view:
EURJPY
BUY STOP @ 102.8
or
SELL STOP @ 101.5
From: Pham Tuan Hung
Tks a lot!
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