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Forex Center > News > Technicals

Technical analysis for crosses(EUR/JPY)-5/14/2008

14 May, 2008 @ 03:14 am EST

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(EUR/JPY)
The Euro continued its upside wave against the Yen as the pair managed to breach the 161.62 resistance level but stopped at the 162.40 level, on intraday basis the pair might be able to continue the upside wave but over the short term the pair is in need of a correction according to the momentum indicators, while the point at 161.62 offers good demand for the pair.
Support	162.00	161.62	161.15	160.81	160.41
Resistance	162.40	163.08	163.56	163.91	164.31
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