EUR/JPY Quick Update..

Selamat Hari Raya To All Muslims!!
I'm back....!!
What a difference a week makes..Asian, European as well as the Dow Jones stocks fell on Friday with investors selling shares again after disappointing earnings from Bank of America, the second-largest U.S. bank, which was hurt by mounting credit losses. Not good for my beloved EUR/JPY..

A weak dollar, record high oil prices and comments from U.S. Federal Reserve policymakers about the U.S. economic outlook remaining uncertain added to the cautious tone, --> risk aversion..so, beware..

Untuk para visitor dari Nogold, boleh refer kepada post saya di link ini..

http://nogold.com/forum/analysis/18322-analisis-teknikal-eur-jpy-21.html#post752321

Monday's Pivot Points:
R3 = 166.3567
R2 = 165.8033
R1 = 164.7867
PP = 164.2333
S1 = 163.2167
S2 = 162.6633
S3 = 161.6467

Weekly's Pivot Points:
R3 = 170.4733
R2 = 169.0967
R1 = 166.4333
PP = 165.0567
S1 = 162.3933
S2 = 161.0167
S3 = 158.3533

I expect the downtrend to continue, we'll see..