Daily Market Overview: EUR/JPY - Technical Analysis - Dukascopy Bank

Thu, 24 Nov 2011 16:57:17 GMT
Source: Dukascopy
 
© Dukascopy

Daily maximum: 103.45

Daily minimum: 102.71

The mean target at 103.98 was not tested today as EUR/JPY continued pursuing the downtrend on renewed hopes as the European debt crisis is threatening the core European economies. Investors should take into consideration the last two support levels at 102.36 and 101.29 whereas all resistance (103.80; 104.50; 1055.7) remained intact today. The daily market outlook is strongly bearish.


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