EUR/JPY Classical 07.19

EUR/JPY Classical 07.19
EUR/JPY: The market now appears to be attempting to carve out a short-term base at a minimum since dropping to fresh 2010 lows by 108.10 in recent trade. However, a break back above 114.15 will be required to take the immediate pressure off of the downside and strengthen the case for a base, while back below 109.00 threatens recovery prospects and opens a retest of the 2010 lows.   Written by …

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Tags: 07.19, Classical, EUR/JPY, pressure, Yahoo

This entry was posted on July 20, 2010 at July 20, 2010 and is filed under Forex News. You can follow any responses to this entry through the RSS 2.0 feed.