FX.co - EUR/JPY Around the Third Monthly Resistance March 30, 2011 (Daily Strategy)

2011-03-31T15:29:22

Long-term review

EUR/JPY Around the Third Monthly Resistance March 30, 2011 (Daily Strategy)

EUR/JPY

The strengthening of the euro in recent days push the price of pair Euro - Japanese yen, which completed a consecutive increase of 1100 points exactly from the previous low around 106.75. to the significant level of resistecia monthly 117.89 .

From here, the chances of a new wave bearish who carry a pair of biased movement to horizontal movement and return to their last low around 112.70 yen per euro. A daily close below 117. 50 confirms our bearish outlook.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

FX.co ★ EUR/JPY Around the Third Monthly Resistance March 30, 2011 (Daily Strategy)

Forex Analysis

EUR/JPY Around the Third Monthly Resistance March 30, 2011 (Daily Strategy)