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EUR/JPY - Euro Yen, European Session - 19/11/08

19 Nov, 2008 @ 12:13 am ET | written by Mataf


122,20. EUR JPY is in a range between 120,70 and 123,80. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
123,80 - 126,15
Supports
120,70 - 117,75

For more forex information, go to www.mataf.net

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