By
FX-Forecaster |
Technical Analysis | Mar 05, 2010 12:00AM GMT |
DAILY FORECAST FOR EURJPY
Bias: Mixed - waiting for breaks but perhaps there is more risk now of
seeing the 122.44-64 area
With losses expected in EURUSD I feel the downside should resume here also.
This should either come from the 122.44-64 area or a direct break below
120.85 and the 120.39-54 corrective lows. Once seen look for the downside to
reach the 119.64 low at least. If seen directly then we may just have chance
of seeing follow-through to 118.35-78.
Please view the complete analysis in the attached PDF file.
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