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EUR/JPY Classical Technical Report 07.11

EUR/JPY Classical Technical Report 07.11

2011-07-11 04:51:00
Joel Kruger, Technical Strategist
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dailyclassics_eur-jpy_body_eurjpy2.png, EUR/JPY Classical Technical Report 07.11

EUR/JPY:Any pullbacks into the 113.00’s continue to be very well supported by the previous multi-day resistance area. Look for a fresh medium-term higher low to carve out above 113.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 113.00 concerns.

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