EUR/JPY technicals

Source: www.forexlive.com

Initial resistance is at 137.30, yesterdays highs with Fibos at 137.44 and 86 above there. Support is at 136.35 and 135.65. Hourly trend is more or less flat which favours range trading though a 5-wave count from the 139.20 spike high is a bearish event.


Read more...

  • FOREX-Dollar slips after gains made on US jobs data

    By Kaori Kaneko TOKYO, June 8 (Reuters) - The dollar edged down against a basket of currencies on Monday after posting its largest one-day gain in more than ... See all stories on this...

  • Weber: ECB to absorb excess liquidity as quickly as possible

    No surprise here: the president of the Bundesbank says that the ECB will absorb the excess liquidity it has created quickly, saying the measures that bank used allow for easy reversal. He does see some signs that the intensity of the downturn is subsiding though the crisis will put strain on global...

  • Crown Forex appeals regulator bankruptcy ruling

    By Martin de Sa'Pinto ZURICH, June 11 (Reuters) - Foreign exchange provider Crown Forex said it was appealing against a bankruptcy ruling by Swiss markets ... See all stories on this...

  • Is Your Company Next?

    According to the Department of Labor, more than five million workers have lost their jobs since December 2007. In March, the unemployment rate hit 8.5% and economists expect that number to rise in the upcoming months. In fact, many companies are in the middle of a major business restructure and...

  • EUR/USD holding up; stops noted

    EUR/USD is holding up, presently at 1.4760. Reports have ACB continued buying supporting the pairing. Talk of stops gathering up at...