Euro Yen (EUR/JPY) - 12/02/2008 - Archive

EUR/JPY - Euro Yen

EUR/JPY - Euro Yen

Short term (Intraday)

158,19. EUR JPY is in a range between 154,50 and 156,30. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 154,50 / 156,30 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
156,30 - 157,20
Supports
155,70 - 155,00
updated 12 févr 2008 13:12 GMT +02:00

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