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Wednesday, 29 August 2012

2012.08.29 07:03:56 EUR/JPY intraday: the upside prevails.

EUR/JPY intraday: the upside prevails.

Update on supports and resistances.
Pivot: 98.25

Our preference: Long positions above 98.25 with targets @ 98.8 & 99 in
extension.

Alternative scenario: Below 98.25 look for further downside with 98.05
& 97.85 as targets.

Comment: the next resistances are at 98.8 and then at 99.

Key levels
99.15
99
98.8
98.658 last
98.25
98.05
97.85

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