Euro Yen (EUR/JPY) - 18/01/2008 - Archive

EUR/JPY - Euro Yen

EUR/JPY - Euro Yen

Short term (Intraday)

157,37. EUR JPY is in an downtrend directed by 1H exponential moving averages. EUR JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
157,70 - 158,00
Supports
156,50 - 155,70
updated 18 janv 2008 12:52 GMT +02:00

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