EUR/JPY - Euro Yen, American Session - 20/07/09

By IBTimes Staff Reporter | July 20 2009 9:19 AM

134,40. EUR JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The price should consolidate.

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Resistances: 134,75 - 135,70
Supports: 133,40 - 131,65

tags: Forex, eurjpyauthor: Arnaud JeulinMataf.net offers technical analysis, forex news and currency converter.

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