EURJPY Short Term Bullish Triangle

Published March 10th, 2009 - 12:08 GMT
Al Bawaba
Al Bawaba

Since 2/26, trade in the EURJPY appears to have unfolded as a contracting triangle.  A dip to support at 123.50 would possibly complete the triangle and give scope to a break above 126.12.  The triangle is valid as long as price is above 121.71.