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EUR/JPY bulls continue to look for a.......>

EURO-YEN
EURO-YEN: EUR/JPY bulls continue to look for a close above the 200-DMA (Y131.92)
following the recent breakout in USD/JPY, although they will take comfort as the
pair gains topside traction, to last deal at Y131.50, just above the 55-WMA
(Y131.49). However, daily studies are back at very overbought levels, which
provides the key concern for bulls.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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