EUR/JPY: Technical Chartanalysis (16:15 CET)

02 November 2009 @ 01:10 pm EDT

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.

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