FBS: Trading recommendations for EUR/JPY
Tatiana Norkina, FBS analyst
Sales of the currency pair were resumed with the levels of 136.30 / 60 as we expected. The bears played the target level in Figure 135.00 during the first part of the day. The bulls are trying to regain lost positions after that. The couple comes to the mark 135.80, which can also become a good level for new sales.
Indicator Bollinger is bearish: the moving average points at the preserving of decreasing trend to be continued with the expanding tape.
On the other hand, short-term oscillators show recovery.
Technical levels: Support - 135.00, 134.60; resistance - 135.80, 136.00
1. Sell - 135.80; SL - 136.00; TP1 - 134.60.