EUR/JPY cross falls 120 points in less than 5 minutes

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The EUR/JPY cross pair just took a fall after a surprising rally above stops at 155.80. See the pics below of a 1 minute chart representation of the sell-off of the single currency vs. the yen.

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This entry was written by Sam Beatson and posted on March 18, 2008 at 6:29 pm and filed under FastTrackForex. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

One Comment

  1. forex beginner
    Posted May 5, 2008 at 6:20 am | Permalink

    yeah there is one theory that says a quick falls usually will follow up by quick reversal before everything will be normalize again. As you can the rapid see the fall of EUR-JPY was follow by immediate reversal and then it goes to normalization process.

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