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EURJPY Discuss market action in the Euro versus the Japanese Yen.

 
 
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Old 02-28-2008, 06:05 PM
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Join Date: Oct 2007
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Default Eurjpy
Supply channel getting "worked" on this pair as EU Bulls peel off profits & assess the state of play.

The lower boundary (160.0) will focus the aggressive spec att'n here, as the strength of the stops begins to tell.

159.20-40 the 1st test for bids, followed by 158.20-50.

Those players holding longs thru 154.50-155.0 won't begin stirring until their stops @ 156.80 thru 157.20 come into view.
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