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Technicals

EUR/JPY - Euro Yen, European Session - 16/05/08

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16 May 2008 @ 01:43 am EST
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162,00. EUR JPY is in a consolidation after the last bullish movement. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in 160,50 / 163,00 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
162,15 - 163,00
Supports
161,65 - 160,50

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07/06/2008
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