EURJPY at Technical Crossroads
December 29th, 2008
EURJPY is at a technical crossroad with the intersection of a 4-1/2 month bear trend line just above, which marks the primary trend, and the two month horizontal resistance level which marks the top of the current trading range.
The black line stair stepping lower across the chart is the Monthly Central Pivot.
DISCLAIMER: Futures, options and Forex (off-exchange foreign currency futures and options, or “FX”) trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, options and Forex may fluctuate, and, as a result, clients may lose more than their original investment.
