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EUR/YEN Classical 14/10/2010
Written by article default Thursday, 14 October 2010 07:44
EUR/YEN: The market has done a very good job of holding above the daily Ichimoku cloud to suggest that we could be on the verge of a material shift in the structure in favor of significant upside over the medium and longer-term. Daily studies are however starting to look a little stretched, so the preferred strategy is to look to buy into dips rather than on upside breaks. A good level to look to establish a long position now comes in by previous resistance turned support in the form of the daily Ichimoku cloud top (currently by 110.00).
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