Ascending Triangle Setup in EUR/JPY Currency Pair
http://www.tigersharktrading.com/articles/3357/1/Ascending-Triangle-Setup-in-EURJPY-Currency-Pair/Page1.html
By Jamie Saettele
Published on 04/7/2006
Technical Currency Analyst Sam Shenker writes that the EUR/JPY currency pair is trading at the upper end of an ascending triangle, offering opportunities in both directions.
Ascending Triangle Setup in EUR/JPY Currency Pair
Ascending Triangle Setup in EUR/JPY
EUR/JPY trades at the upper end of an ascending triangle, offering opportunities in both directions.
Key Levels - Current Price: 143.07
Level Type Significance
144.85 Resistance 4/6 high (all-time high)
143.04 Support 23.6% of 137.19-144.85 EUR Rally
141.94 Support 38.2% of 137.19-144.85 EUR Rally
141.02 Support 50% of 137.19-144.85 EUR Rally / supporting weekly trendline
140.12 Support 61.8% of 137.19-144.85 EUR Rally
139.71 Support 3/28 low
Weekly Chart I
Daily Chart I
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Daily Chart II
Weekly Chart II
Daily Chart III
Sam Shenker is a Technical Currency Analyst for FXCM.