02.29.08

EUR/JPY - European Session - 29/02/08

Posted in Currency, Forex, Forex Calendar, Forex Income, Forex Indicator, Forex Info, Forex News, Forex Signal at 7:01 am by yeop

159,13. EUR/JPY currency pair broke 159,85 support. EUR/JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR/JPY. The price should find a support above 158,70. If the support is broken then the target will be 158,00 (115 pips).

Resistances 159,25 - 159,85
Supports 158,70 - 158,20

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