The Japanese yen continued today to take advantage of currency-seekers, and the recent weakening of the euro amid worries about the debt of Greece, together with the general trend away from the risk of enabling it to continue to rise against European currencies, resulting in early European session, the euro / yen has set a new nine-month minimum at 125.23. Now couple restored, however, according to currency analysts Mizuho, decline may continue. The bank believes that if the closing weeks of the euro / yen below 125.65, which is 50% Fibonacci Retracement, bearish momentum increased. As a strategy the bank preferred to sell at the most favorable rate, reinforcing the position at 126.50, with a stop above 128.55 and 124.45 short-term goals and 122.45. Currently, the euro / yen is trading at around 126.01.
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