Tuesday, November 07, 2006

EUR/JPY
WILL IT BREAK THE 150.73




Now this pair is getting ready to break the 150.73 level. On Daily charts it formed Ascending Triangle formation. Since hitting 150.73 in late August beging to trade within 148 and 151 about 300 pips. On daily charts its hitting the top of the Bollinger Band. If it breaks the 150.73 the next resistence is at 151.5 and 154 levels. Still got the time to complete the triangle formation.