159,93. EUR JPY broke 161,00 support. EUR JPY is in a consolidation after the last bearish movement. 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 downtrend should continue to gather momentum. The price should find a support above 159,00 (90 pips). We won't take a position while the volatility is high.

updated 08 mai 2008 05:40 GMT +02:00