Wednesday, December 19, 2007

EUR/JPY Update

There are signs of diminishing upward momentum on hourly, 30M and 15M charts, but might need a confirmation, a bearish EMA's cross before jumping on a trade. My proposed selling level is around 164.20-164.50

P 163.15
R 163.91 164.37 165.12
S 162.69 161.94 161.48

Current status: Position has been closed. Looking to sell.

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