Yen Crosses Such As EUR/JPY, GBP/JPY Continue To Fall
By James Chen on July 10, 2009 | More Posts By James Chen | Author's Website
After showing a glimmer of a bullish correction yesterday on the heels of a dramatic drop, the yen crosses (including EUR/JPY, GBP/JPY, CHF/JPY, AUD/JPY, and CAD/JPY) appear to have resumed their bearish stance today, and seem poised to continue in the direction of yen dominance. A true bearish continuation of the recent trendline breakdowns that occurred on all of these yen crosses, however, would only be confirmed if prices drop below the following levels:
EUR/JPY: 127.00
GBP/JPY: 146.72
CHF/JPY: 83.91
AUD/JPY: 70.92
CAD/JPY: 78.50
If you like this article please...
Leave A Comment :
Recent Market Opinions:
3 Steps To Becoming A More Successful Trader
The Transportation Sector: Here Are Three Investments In A Sector That Are Ready To Soar
What You Should Know About Precious Metals ETFs And Taxes
Buffett Borrows For Rail Acquisition
Why Investors Should Look To Japan Again
Recent News:
Bay Street Stocks Slip Slightly Again - Canadian Commentary - 7 hrs ago
Stocks Close Mostly Lower Amid Disappointing Quarterly Results - U.S. Commentary - 7 hrs ago
Bay Street Stocks Linger Slightly Below Unchanged Level - Canadian Commentary - 8 hrs ago
Stocks Remain Stuck In The Red In Mid-Afternoon Trading - U.S Commentary - 9 hrs ago
European Markets Fall, Led By Banks, Oils - European Commentary - 10 hrs ago
Opinions From Our Contributors


