Euro Yen (EUR/JPY) - 19/03/2008 - Archive

EUR/JPY - Euro Yen

EUR/JPY - Euro Yen

Short term (Intraday)

156,16. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should find a resistance below 156,70. The price should continue to move in 153,70 / 156,70 range.
=> We could take a short position at 156,40. We will put the stop loss above 156,90 (-50 pips). The targets are 155,30 (+110 pips) 153,70 (+270 pips). Trade configuration (1 Speculative -> 4 Trend following): 1.

Resistances
156,70 - 157,00
Supports
155,30 - 153,70
updated 19 mars 2008 13:43 GMT +02:00

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