EUR/JPY- While the cross closed slightly higher above our highlighted resistance at the 116.46 level, its April 18’2011 low on Tuesday, it has backed off that level in early trading today. We expect the 116.46 level to continue to cap gains. Guest post by www.fxtechstrategy.com This should turn EURJPY lower towards the 114.78 level with a break of that level calling for further weakness towards the 113.55 level, its Mar 24’2011 low. On the other hand, the cross will have to climb above the 121.79 level, its April 28’2011 high and then 123.29 level, its 2011 high to annul its entire corrective weakness. If this seen, it will set the stage for additional strength towards the 124.00 level followed by the 125.43 level, its Jan 05’2010 high Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next AUD/USD May 12- Aussie Down Against US Dollar on US Tamar Schoppik 12 years EUR/JPY- While the cross closed slightly higher above our highlighted resistance at the 116.46 level, its April 18'2011 low on Tuesday, it has backed off that level in early trading today. We expect the 116.46 level to continue to cap gains. Guest post by www.fxtechstrategy.com This should turn EURJPY lower towards the 114.78 level with a break of that level calling for further weakness towards the 113.55 level, its Mar 24'2011 low. On the other hand, the cross will have to climb above the 121.79 level, its April 28'2011 high and then 123.29 level, its 2011 high to annul its… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
