INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/JPY

EUR/JPY : 106.45

Last Update At 31 Aug 2010 05:51 GMT

Euro's selloff below 106.62 (Asia) indicates the 
decline fm y'day's 109.56 top is still in progress 
n downside bias is seen for further weakness to 106 
.35 n then 106.00, however, sharp fall below latter 
lvl is prevented due to nr term loss of momentum. 


Hold short with stop as suggested n only abv 106 
.85 wud risk stronger gain twd 107.20 b4 'down'... 

Range Forecast
106.15 / 106.55


Resistance/Support

R: 106.85/107.20/107.77
S: 106.35/105.90/105.44