EURJPY- Daily technical Outlook (10:56 CET)

05 November 2009 @ 08:52 am EDT

Following the break out of the resistance at 134, the parity stopped its bullish movement just below 136 (next resistance). Currently, the price is back below 134 is is giving a sell signal. We should normaly advise to trade only short positions but we prefer to stay flat as long as the parity is into the range 133-134 to enter into the side of the break out.

http://www.tribuforex.fr/img_vrac_2/eurjpy05112009.png

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