Trade Idea: EUR/JPY – Look to sell on recovery
Monday, August 30th, 2010Despite intra-day brief rise to 109.56 (our short position entered at 108.75 was stopped at 109.45), as price ran into heavy offers there and has retreated sharply, suggesting consolidation with mild downside bias is seen or weakness to 107.50 (50% Fibonacci retracement of 105.44-109.56), below 106.99-107.01 (previous support and 61.8%
Read more here:
Trade Idea: EUR/JPY – Look to sell on recovery

