Intraday Analysis from FXMarketAlerts.com
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23 Mar EUR/JPY Daily
Weak in range and rejection from the 111.25 high keeping pressure on the downside. Below the 110.00 level see scope to further pressure the 109.83 support. Failure here to weaken and trigger deeper corrective pullback to the 108.60/49 lows. Resistance is at 110.92 ahead of the 111.25/43 highs. [P.L]
R5: 112.1 projection
R4: 111.93 30 Aug 11 high
R3: 111.6 31 Oct 11 high
R2: 111.25/43 * 27, 21 Mar highs
R1: 110.92 28 Mar high
S1: 109.83 * 23 Mar high
S2: 109.17 26 Mar low
S3: 108.60/49 * 23, 22 Mar lows
S4: 108.38 14 Mar low
S5: 107.9 13 Mar low







