Monday, October 13, 2008

Forex EUR-JPY Technical Analysis

As expected in the previous post that the pair of EUR-JPY will eventually fall no matter without question. The only thing that we will never know is a matter of when it is going to happen. Now it is already happen it fall like a disgrace from heaven above as global financial crisis is adding the ingredients of disaster to the Euro currency.

This phenomena is simply explain by the simple mathematics of moving average where a currency trend will eventually stop moving at certain point following the cycle of economic ups and downs.

See the picture below showing a sharp fall of the EUR-JPY pair.

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