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Old 06-10-03, 01:36 AM
K.B. Advisory's Avatar K.B. Advisory K.B. Advisory is offline
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EUR/JPY, European Update 10.6.2003

Range Yesterday: 138.05 - 139.18 (Close 138.46)
Key Support & Resistance Next 24-hours: 137.70 - 139.30

EUROPEAN UPDATE / Rate - 138.59
A continued cap below 138.80 (maximum failure below 139.30) still favours EURO depreciation vs JPY today. Looking for a break through 138.10/20 to encourage bearish progress en route to 137.70, potentially 137.30.
(Range so far today: 138.21 - 138.79)

AMERICAN UPDATE / to come...GMT12:30

24-Hour Trade: Short EURO (GMT02:25) @ 138.70 (SL 139.30) - profit order 137.70
Performance for June: -182 points

Trend Profile: Neutral (Bullish EURO trend bias evident - Key resistance 140.75)
Momentum: Bearish EURO - March 25th (currently in mid range)
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