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20.07.2012 10:15 AM
Hold On To EurJpy Shorts

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Technical Outlook and Chart Setups:

As we can see above, the structure remains same. Bears want to take control back and register fresh lows, minimum expectations are 93.00. Immediate resistance now comes at 97.50 area. Intermediary support is seen at 96.00 level. It is just a matter of time that the previous swing lows will be taken out. Remain short.
Trading Recommendations:
Remain short from yesterday, target fresh lows around at least 93.00

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
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