EURJPY Closes Above Resistance Line

Published July 28th, 2009 - 12:29 GMT
Al Bawaba
Al Bawaba

The EURJPY is going to close today above a short term resistance line (drawn off of the 6/5 and 7/1 highs).  The close above is bullish and warns of an eventual break to a new 2009 high.  Short term support is at 134.50.