Trend of the Day - EUR/JPY

Published June 19th, 2009 - 04:00 GMT
Al Bawaba
Al Bawaba

EUR/JPY formed a Morning star at the 132.00 region and has broken from 3 days of sideways congestion.




EUR/JPY formed a Morning star at the 132.00 region and has broken from 3 days of sideways congestion. Look for a possible retest of the June 12th high of 138.28. Stops placed below 132.38 should control risk. Risk appetite and the carry trade seems to be the theme for this month.