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EUR/JPY - Euro Yen

EUR/JPY - Euro Yen

Short term (Intraday)

158,60. EUR JPY is in an uptrend supported by 1H exponential moving averages. EUR JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 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
159,00 - 159,10
Supports
158,35 - 157,90
updated 19 févr 2008 13:55 GMT +02:00

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