Wednesday, March 17, 2010

EUR/JPY Today

EUR/JPY is retesting 125.00, which is the upper end of its range since February and also retracement resistance, says Trader. However, with very mixed technical signals around she favors playing the range by selling at 124.90 with a stop above 125.65, and taking profit down at 123.80 and 122.00. EUR/JPY now trades at 124.70.

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