EURJPY Market Update for 07-31-12

EURJPY: Nothing new to report on other markets except Euro-Yen. We expect a little bounce to 96.45 to .96.75 on EURJPY, then likely a sell off to either the lower pitchfork near the 94.70-65 area, or just below the center Modified Schiff Line at 95.60, then a larger rally to 98.70 to 99.68. See the 240-minute chart below with the complete analysis.

eurjpy 240-min chart with analysis

This entry was posted in Forex Forecasts. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

eight − = 7

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>