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Friday, 20 July 2012

2012.07.19 13:36:41 EUR/JPY intraday: under pressure.

EUR/JPY intraday: under pressure.

Update on supports and resistances.
Pivot: 96.85

Our preference: Short positions below 96.85 with targets @ 96.4 & 96.1
in extension.

Alternative scenario: Above 96.85 look for further upside with 97.1 &
97.35 as targets.

Comment: the pair is under pressure and is challenging its support.

Key levels
97.35
97.1
96.85
96.557 last
96.4
96.1
95.55


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