by Wed, 09 Jun 2010 04:57:00 +0200
Forex: EUR/JPY in a range
FXstreet.com (Córdoba) - EUR/JPY has been moving in a tight range between 108.89 (intra session low) and 109.67 (intra session high) during the last hours, with no clear bias ahead.
Currently the pair is trading at the 109.10/20 zone, 0.30% below its opening price. So far this week, EUR/JPY has been quoting into a wider range between 108.00 and 110.30.
"Consolidation seen last session contained below the 110.33 resistance and this is keeping the decline from 114.16 high in play and slippage below 108.06 low will trigger renewed weakness towards 107.70 ahead of deeper 107.17. Above 110.33 will expose room for higher correction", said the 4CAST team.
| Technical Analysis (2010-06-09 02:33 GMT) | |
|---|---|
EUR/JPY 109.1/109.13 - O: 109.14 H: 109.16 L: 109.05 C: 109.09 | |
| Trend | R3: 109.77 |
 | R2: 109.50 |
| R1: 109.23 | |
| S1: 108.47 | |
| S2: 108.74 | |
| S3: 109.02 | |
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