EUR/YEN will give you trading clues
4 October 2009
Whether you are thinking of selling USD/YEN or EUR/USD, I suggest that you keep an eye on EUR/YEN. There is some initial resistance just above 131.10, but assuming we break above that, then a nice place to sell would be 132.55. But we may even experience some problems near 132.10. From between 132.10 and 132.60 (possibly from 132.28!) we should look out for a wave of selling in this cross, probably led by USD/YEN. But first, let us see if we can overcome 131.10. |
If you'd like to see how I work through EUR/USD in real depth, I cover this in Module 14 of my course, a real EUR/USD case study.