Demo Trading Account Open a Live Account Deposit Funds Account Forms FXDD Home
Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.
Home » Forex Market Discussions » Greg Michalowski's blog

Forex Trading: EURJPY off to a fast start. Tests 167.80 resistance

Posted by Greg Michalowski on Sun, 06/29/2008 - 6:29pm in

The EURJPY is off to a fast start moving up to test the 200 hour MA at the 167.80 level.  The pair made all time highs last Thursday morning before sellling off later in the day and into Friday.   A move above 167.80 would target the 100 hour MA at 168.17 and the 50% retracementl level at 168.23.   Longer term, the pair is still largely bullish. 

email us with comments