Euro Yen (EUR/JPY) - 12/03/2008 - Archive

EUR/JPY - Euro Yen

EUR/JPY - Euro Yen

Short term (Intraday)

157,46. EUR JPY broke 158,00 support. EUR JPY is in a range between 156,00 and 159,00. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The downtrend should continue to gather momentum. The target is expected at 156,00 (150 pips).

Resistances
158,00 - 159,00
Supports
157,40 - 156,00
updated 12 mars 2008 22:13 GMT +02:00

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