FBS: Trade recommendations for EUR/JPY
Tatiana Norkina, an analyst at FBS
Resistance at 137.60 restrained currency pair of quick recovery. So yesterday's recommendation to sell the pair at this level remains relevant.
Bollinger Bands narrowed the range, indicating the completion of growth. You also need to pay attention to the reduction of oscillators: MACD is close to zero, and RSI set to move to the bottom of the range.
Crash Course can be deeper if the bears manage to knock down the support of 137.00 / 10. If you hold the forward growth of the level to 138.10.
Technical levels: Support - 137.10; resistance - 137.60, 138.10.
1. Sell - 137.60; SL - 137.85; TP1 - 137.10.
2. Buy - 137.00 / 10; SL - 136.80; TP1 - 138.10.