Sunday, January 31, 2010

Euro and UJ

USD/JPY is stuck in the range of 90.50 and 89.80. Waiting for a clear breakout and entry on the pullback bounce from the SR level. Currently we are seeing both USD and JPY strength due to the risk aversion nature of the market.

Euro has finally reach the 1.3900-1.3800. 1.3800 is an important support, 50% fibo point.

No comments: