EUR/JPY - Euro Yen, American Session - 26/03/08
155,94. EUR JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should find a resistance below 157,00. The uptrend seems to be finished. The trend should reverse. The target is expected at 153,00.
=> We could take a short position at 156,00. We will put the stop loss above 156,50 (-50 pips). The targets are 155,00 (+100 pips) 154,00 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.
=> We could take a short position at 156,00. We will put the stop loss above 156,50 (-50 pips). The targets are 155,00 (+100 pips) 154,00 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.
- Resistances
- 156,50 - 156,70
- Supports
- 155,70 - 155,15
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