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Author Topic: EUR/JPY Daily Outlook  (Read 3848 times)
Hemant
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« on: February 26, 2011, 11:01:45 am »
EUR/JPY Daily Outlook

As noted before, EUR/JPY's consolidations from 114.00 is possibly still in progress. Below 122.22 minor support will start the third leg and target 110.77 and below. But after all, downside is expected to be contained above 109.56 cluster support (61.8% retracement of 106.81 to 114.00 at 109.55) and bring rally<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/knVKxHzfoXE" height="1" width="1"/>

Source: EUR/JPY Daily Outlook
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