July 29, 2010 3:05 AM

EUR/JPY Grinding Higher

By fxdd
comments 0

In the prior post we acknowleged that the pair was using the 100 hour moving average as support, and it is still holding.  The pair has been slowly grinding higher and has reached a session high of 113.89. If this momentum continues we may see it reach 114.35 where we have seen some short term support and resistance.

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