17.06.2008 18:27

EUR/JPY trades in a tight range

Seeing little movement but overall holding on to the majority of the recent gains, the overnight high at Y167.84 marking a fresh peak for the year. Techs note the outlook is still positive with the cross trading above the key moving averages, now highlighting trendline resistance at Y168.89. Offers are at Y167.85/168.00, with a break set to expose a steeper move towards last year's lifetime high at Y169.05.






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