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Thread: EUR/JPY S and R
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02-05-2012 10:00 AM #1
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- Dec 2011
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EUR/JPY S and R
Hi guys,
I would appriciate if someone could post some important support and resistance levels.
Thanks in advance
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02-05-2012 12:30 PM #2
Immediate upper s&r is in close proximity to the current price. 102.0 to 102.50 was support during September & November 2011. It then acted as zonal resistance in December & January.
To the immediate downside s&r blankets the 98.70 to 99.20 area which provided two-way price action during January.
In between those barriers you would also be advised to note the previous weekly high, low levels as they are usually noted as possible turning points by market observers.
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02-05-2012 03:45 PM #3
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- Dec 2011
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Thanks for reply Thalia. I will apply this to my sytem and hope it will help
You can check it out in free forex trading systems section
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02-20-2012 02:28 AM #4
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- Feb 2012
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How you can take action regarding on this graph? I like to know the tactics beyond this S and R... guide me!
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