After the steep downtrend
that presented the Euro against the Yen as of August 4, the EUR / JPY has been
trading since last week within the range of 109.00 to 111.00, which corresponds
to levels of 23.8 and 50% kicks Fibonaci (see graph attached).
Therefore, the 109 and 11 may
account for his support and resistance zones respectively.
While not break any of these
levels, the EUR / JPY will continue to offer interesting input levels in these
two areas.
