EUR/JPY Analysis - Tuesday 15 December 2009

Another flat correction down to 128.72-128.99 is expected today, with the daily, weekly and monthly technical analysis lining up.

The Mafia stochs have crossed, but EUR/JPY is still skirting along the support line. Should this line be violated, EJ could very well correct to WS1 at 128.10 (which is sandwiched by DS2 at 128.45 and DS3 at 127.75).

Above MoR1, we should see DR1 at 130.68 (conservatively).

P.S. Just remember, today is Gotobi! ;-)


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