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Thursday, 19 July 2012

2012.07.18 20:48:03 EUR/JPY intraday: under pressure.

EUR/JPY intraday: under pressure.

Update on supports and resistances.
Pivot: 97.1

Our preference: Short positions below 97.1 with targets @ 96.4 & 96.1
in extension.

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

Comment: the RSI is mixed to bearish.

Key levels
97.75
97.35
97.1
96.56 last
96.4
96.1
95.55


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