EUR/JPY analysis of the week (4h candlesticks)

By IBTimes Staff Reporter | December 23 2009 4:40 AM

The parity seems to have broken 130.70without any strenght. However, an important bearish slant appears on the RSI. So, we will advise to trade only short positions as far as 131 is resistance with 130 as first objective. However, if 131 is broken, we will then advise to trade long positions.

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