INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/JPY

EUR/JPY : +108.60+

Last Update At 30 Aug 2010 05:36 GMT

As euro's sharp selloff after intra-day rally to
109.56 (Asia) suggests the rise fm last wk's 105.44
low has made temp. top there, consolidation with
downside bias is seen for a retrace. to 108.55/60,
however, 108.01 (prev. res) shud hold fm here.


Turn short with stop as indicated, break defers
intra-day bearishness n may risk re-test of 109.56.

Range Forecast
+108.40 / 108.80+


Resistance/Support

R: 108.90/09.56/109.63
S: 108.19/107.99/107.35