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EUR/JPY Mid-Day Outlook - forex fx daily current outlook

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Old 05-11-2010, 01:13 PM
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Join Date: Sep 2008
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Default EUR/JPY Mid-Day Outlook

EUR/JPY's fall from 122.27 continues in early US session and the break of 117.39 minor support indicates that rebound from 110.69 is finished. Intraday bias is flipped back to the downside and further fall might be seen to retest this low. Though, break there is needed to confirm down trend resumption. Otherwise, some choppy sideway trading would likely be seen between 122.27 and 110.69 first.

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