Thursday December 2, 2010 - 13:15:36 GMT
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IKON GROUP - ikonfx.com/
Forex"Is there something wrong with EUR/JPY?"
The resistance of EUR/JPY was 110.86, 111.66 and 112.44 while the support position was 109.66, 108.57 and 106.42.
From the technical and four hours chart point of view, the EUR/JPY tended to break through the downside of the green channel.
The quotation on Wednesday tracked back to the downside of the green channel, which still had the going up space.
It is indicated that the quotation will suffer from the fighting of long position after broke the downside of the green channel.
Forex trend analysis based on Ikon forex analyst â€“ Eric
Edited by Sarah
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