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Friday, 31 August 2012

2012.08.31 05:55:21 EUR/JPY intraday: under pressure.

EUR/JPY intraday: under pressure.

Update on supports and resistances.
Pivot: 98.5

Our preference: Short positions below 98.5 with targets @ 98.05 &
97.85 in extension.

Alternative scenario: Above 98.5 look for further upside with 98.8 &
99 as targets.

Comment: a break below 98.05 would trigger a drop towards 97.85.

Key levels
99
98.8
98.5
98.222 last
98.05
97.85
97.7

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