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EUR/JPY Classical Technical Report 02.17

EUR/JPY Classical Technical Report 02.17

2012-02-17 07:11:00
Joel Kruger, Technical Strategist
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Daily_Classical_EURJPY_body_jpy2.png, EUR/JPY Classical Technical Report 02.17

EUR/JPY:The cross continues to show evidence of the formation of a meaningful base, with the recent break back above 102.25 confirming a fresh higher low by 99.25 and opening the current upside extension towards 105.00. Look for setbacks to now be very well supported by the 20-Day SMA.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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