Euro Yen (EUR/JPY) - 11/03/2008 - Archive

EUR/JPY - Euro Yen

EUR/JPY - Euro Yen

Short term (Intraday)

158,38. EUR JPY broke 157,00 resistance. EUR JPY broke the downtrend to begin a bullish movement. The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The price should find a resistance below 159,00. The price should consolidate. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
159,00 - 159,25
Supports
157,80 - 157,00
updated 11 mars 2008 13:18 GMT +02:00

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