Euro Yen (EUR/JPY) - 21/01/2008 - Archive

EUR/JPY - Euro Yen

EUR/JPY - Euro Yen

Short term (Intraday)

155,19. EUR JPY is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The downtrend should continue to gather momentum. The target is expected at 150,00 (510 pips).
=> We could take a short position at 155,30. We will put the stop loss above 156,00 (-70 pips). The targets are 154,40 (+90 pips) 153,70 (160 pips) 150,00 (530 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
155,70 - 156,45
Supports
155,00 - 154,40
updated 21 janv 2008 05:46 GMT +02:00

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