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Friday, 3 August 2012

2012.08.03 04:19:01 EUR/JPY intraday: the downside prevails.

EUR/JPY intraday: the downside prevails.

Update on supports and resistances.
Pivot: 95.75

Our preference: Short positions below 95.75 with targets @ 94.65 &
94.1 in extension.

Alternative scenario: Above 95.75 look for further upside with 96.45 &
96.95 as targets.

Comment: the RSI calls for a new downleg.

Key levels
96.95
96.45
95.75
95.123 last
94.65
94.1
93.95

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