EUR/JPY - Euro Yen, American Session - 31/03/08
157,32. EUR JPY is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 157,70 - 158,35
- Supports
- 156,80 - 156,50
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