Euro Yen (EUR/JPY) - 10/03/2008 - Archive

EUR/JPY - Euro Yen

EUR/JPY - Euro Yen

Short term (Intraday)

156,84. EUR JPY is in a consolidation after the last bearish movement. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The price should find a support above 156,50/156,00. If the support is broken then the target will be 154,00.

Resistances
157,30 - 158,20
Supports
156,70 - 156,50
updated 10 mars 2008 14:03 GMT +02:00

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