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EUR/JPY Analysis
By: Saxo Bank - 04-09-2008
0votesDrop after bouncing against a resistance.
Analysis name : Euro-YenLast close :- 157.66000
- 156.87000
Last status id : in_progressLast status text : In progress.Current date : 2008-09-04 06:14:04Current title : Small bounce before drop.Current directionnal id : up_downCurrent directionnal text : BearishCurrent reward id : excellentCurrent reward text : ExcellentCurrent abstract text : Drop after bouncing against a resistance.Current strategy text : We will wait for the bounce to go short.Current scenario preference : Sell at 157.69 to play 155.51. Close the trade whenever 157.83 is bypassed.- Signal :157.69
- Conf. :0
- Target :155.51
- Stop :157.83
Next Analysis: USD/CHF AnalysisContent Provided by:
Saxo Bank
Company Description: Founded in 1992, Saxo Bank officially attained European bank status in June 2001 and has rapidly risen to become a strong presence in online trading over the Internet. Saxo Bank is based in Copenhagen, Denmark and was founded by joint CEOs Lars Christensen and Kim Fournais.
DISCLAIMER:
Saxo Bank A/S shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by Saxo Bank that clients will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated.
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