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Technical analysis for crosses(EUR/JPY)-6/20/2008

20 Jun, 2008 @ 03:14 am EST

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(EUR/JPY)
The Euro continued to settle against the Yen within the 167 levels as the pair was not able to breach to the upside since the pair is being traded within an overbought area over intraday and short term basis, which drives us to believe an upcoming correction is near to happen, while the level at 166.45 might be able to hold the pair up though if it breaches that level the pair might drop back to the 165.64 level.
Support	167.26	166.91	166.45	166.17	165.64
Resistance	167.67	168.05	168.34	168.55	168.84
Recommendation	...

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