161,87. EUR JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should find a resistance below 162,20. The downtrend should continue to gather momentum.
=> We could take a short position at 161,90. We will put the stop loss above 162,30 (-40 pips). The targets are 161,10 (+80 pips) 160,00 (+190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

updated 30 avr 2008 05:43 GMT +02:00