More from FXstreet.com

Forex EUR/JPY retreat from 115.00 extends below 112.00

By FXstreet.com,  November 09, 2010, 03:04:00 AM EDT

FXstreet.com (Barcelona) - The Euro has sold off against the Yen during the last three days, weighed by renewed debt concerns on Eurozone peripheral countries' debt, and from 115.00 high last Thursday , the pair has plunged, to break 112.00 support at European session opening.

Below 112.00, the pair might find support at 111.75 (Nov 2 low), and then at 111.5055 (Oct 29 low/100-day MA) and 110.65 (Sept 16 low).

On the upside, a potential rebound might find resistance at 112.65 (Daily pivot point/20-hour MA), and above here, 113.25/30 (intra-day resistance) and 113.50/55 (intra-day resistance).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

How to File Insurance Claims When Disaster Strikes
How to File Insurance Claims When D...
Where Horses Live Like Millionaires
Where Horses Live Like Millionaires
How to Pick Stocks in This Economic Environment
How to Pick Stocks in This Economic...
How To Grow Your Small Business
How To Grow Your Small Business     


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
S $ 7 0.32  4.37%
PFE $ 29.10 0.30  1.02%
BAC $ 13.19 0.08  0.60%
MU $ 13.97 0.22  1.60%
SIRI $ 3.37 0.03  0.88%
GE $ 23.98 0.35  1.44%
QQQ $ 72.76 0.82  1.11%
ELN $ 14.15 0.37  2.69%