Mizuho Corporate Bank

Technical Analysis 02 August 2010

EUR/JPY
EURJPY=EBS, Last Quote [Candle], Last Quote [Ichimoku 9, 26, 52, 26] Daily
04May10 - 07Sep10
Pr
EURJPY=EBS , Last Quote, Candle
02Aug10 112.73 113.39 112.73 113.37
122
EURJPY=EBS , Last Quote, Tenkan Sen 9
02Aug10 112.38
EURJPY=EBS , Last Quote, Kijun Sen 26 121
02Aug10 111.02
EURJPY=EBS , Last Quote, Senkou Span(a) 52
06Sep10 111.70 120
EURJPY=EBS , Last Quote, Senkou Span(b) 52
06Sep10 111.02
EURJPY=EBS , Last Quote, Chikou Span 26 119
28Jun10 113.37
118

117

116

115

114

113

112

111

110

109

108

107
10May10 17May 24May 31May 07Jun 14Jun 21Jun 28Jun 05Jul 12Jul 19Jul 26Jul 02Aug 09Aug 16Aug 23Aug 30Aug 06Sep

Comment: Weekly and monthly closes have done nothing to clear up the fog surrounding charts of yen
crosses, as mixed as they have been all this year. Probably best to assume broadly sideways moves over the coming
month.

Strategy: Attempt small shorts at 113.35, adding to 114.00; stop above 114.75. First target 112.35/112.00.
Chart Levels:
Support Resistance Direction of Trade
112.73 113.40
112.00 114.25
111.60 114.74*
111.35 115.50
110.00* 116.85

Produced by London Branch - Nicole Elliott +44-20-7786-2509

The information contained in this paper is based on or derived from information generally available to the public from sources believed to be reliable. No representation or
warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This paper has been prepared
solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading
strategy.

Charts provided by Reuters.