EUR/JPY Analysis - Wednesday 16 December 2009

Nostromo's daily technical analysis is now out of sync with the weekly & monthly view. Daily indicates flat correction up to 131.00 whilst the weekly and monthly indicates a flat correction down to 128.72-78 with warnings of bearish potential as far down as 125.78.

Per Mafia, daily bias is up. For as long price holds above DPP, flat correction up to convergence of WPP (131.17) and DR2 (131.32) looks good.

Just wanted to share the H4 view. EJ still "contained" unless we see a breakout of some key levels.

Happy pipping!


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