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Intraday forecastEuro / Japanese Yen technical chart
SymbolEURJPY
Release TimeApril 26, 2007 - 17:19
Advisesell (limit) below R1=119.45
Intraday
Short term
Yesterday range
Yesterday high
Yesterday low
Yesterday close
R3119.85
R2119.63
R1119.45
S1119.09
S2118.9
S3118.69
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=119.45.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=119.63.
In this situation, there is an expectation to reach the target R3=119.85.
Set the stoploss of reverse orders at breakout of R1=119.45.

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