Sunday, March 17, 2013

EURJPY Pressure Resistance Resistant 122.20

EURJPY Tahan Tekanan Resistance 122.20

Monexnews-EURJPY continues to maintain the position of resistance at 122.20, test a few times – 1 and 5 last March--with EMA-20 in the movement of the price per 4 hours which acts as a media that is good enough to withstand the pressure down since March 5.


"The position of the Euro will retain a limited reinforcement," said Valeria Bednarik, an analyst from FXstreet.com, by adding that the hourly chart shows HIGH SCHOOL-100 and 200 high school near 112.50 to offer short-term support when prices rise movement failed to occur.


In the longer term, estimates of Valeria is still the same, arguing that with the important areas and be 121.10 122.60 penetrated gives the certainty of price movement.


In the scenario of above mentioned transpiration resistance, it will trigger a recovery despite the rising movement will find resistance at 122.55 122.90, and low previously, said analyst team of FX Market alerts.

(AR)



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Title Post: EURJPY Pressure Resistance Resistant 122.20
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Author: Mohammad Zulfi Satriawan

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