Euro Yen (EUR/JPY) - 18/02/2008 - Archive

EUR/JPY - Euro Yen

EUR/JPY - Euro Yen

Short term (Intraday)

158,29. EUR JPY is in an uptrend supported by 1H exponential moving averages. EUR JPY is in a consolidation after the last bullish movement. EUR JPY is in a range between 157,35 and 158,70. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 159,00. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
158,45 - 158,70
Supports
157,70 - 157,35
updated 18 févr 2008 06:37 GMT +02:00

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