Published on FXDD (http://forex.fxdd.com)
Forex Trading: EURJPY off to a fast start. Tests 167.80 resistance
By Greg Michalowski
Created Jun 29 2008 - 5:29pm

The EURJPY is off to a fast start moving up to test the 200 hour MA at the 167.80 level.  The pair made all time highs last Thursday morning before sellling off later in the day and into Friday.   A move above 167.80 would target the 100 hour MA at 168.17 and the 50% retracementl level at 168.23.   Longer term, the pair is still largely bullish. 


Source URL: http://forex.fxdd.com/trading-news/4934/forex-trading%3A-eurjpy-fast-start.-tests-167.80-resistance