08-31-2010, 04:02 AM
EUR/JPY : +108.60+Last Update At 30 Aug 2010 05:36 GMTAs euro's sharp selloff after intra-day rally to 109.56 (Asia) suggests the rise fm last wk's 105.44 low has made temp. top there, consolidation with downside bias is seen for a retrace. to 108.55/60, however, 108.01 (prev. res) shud hold fm here. Turn short with stop as indicated, break defers intra-day bearishness n may risk re-test of 109.56.
Range Forecast
+108.40 / 108.80+
Resistance/Support R: 108.90/09.56/109.63
S: 108.19/107.99/107.35
Range Forecast
+108.40 / 108.80+
Resistance/Support R: 108.90/09.56/109.63
S: 108.19/107.99/107.35