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Technical Analysis Reports

Forex Center > News > Technical Analysis Reports

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

19 Nov, 2008 @ 12:13 am ET

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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