EUR/JPY - Daily technical Strategy and Outlook (06:35 EST)

03 November 2009 @ 10:29 am EDT

Our former analysis pulished on Sunday was a little overweighted.

We have simplified this analysis:

The parity is currently in a bearish channel (black lines on the chart). Levels of supports and resistances are :

- major resistance : 134

- minor resistance : 133

- minor support : 131

- major support : 130

We advise to trade only short positions as far as the price is into its channel.

http://www.tribuforex.fr/img_vrac_2/eurjpy03112009.png

For more reports, go to Forextribe

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