EUR/JPY - Euro Yen, European Session - 16/05/08
162,00. EUR JPY is in a consolidation after the last bullish movement. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in 160,50 / 163,00 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 162,15 - 163,00
- Supports
- 161,65 - 160,50
This entry was posted on Friday, May 16th, 2008 at 7:43 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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