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EUR/JPY: Technical Chartanalysis (16:15 CET)
02 Nov, 2009 @ 01:10 pm ET | written by Advanced Currency Markets SA
Pay attention to the pair, as it just broke the 134.00 support and is heading to the 133.70 yens per euro target. The bands of Bollinger show a 200 pips volatility in the hour, while the RSI is clearly oversold.
Given the possible trend shift, the resistances to consider are found at 134.00 and 134.52 yens per euro.
Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved
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