EURJPY: Pressured To The Downside, Targets The 129.19 Level

While the cross trades and holds below the 131.24 level, its Jan 06’10 low, we continue to see risk to the downside towards the 129.19 level, its Dec 22’09 low. A decisive break of that level will accelerate further downside towards the 127.29 level, its Dec 18’09 and possibly lower….

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This entry was posted on Tuesday, January 19th, 2010 at 10:07 pm and is filed under Forex, Forex Trading, Forex news, Money. You can follow any responses to this entry through the RSS 2.0 feed.