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EUR/JPY Breakout?

Posted on March 12, 2009 at 21:22 in Trading Desk by Ryan O'Keefe

EUR/USD has been on a decent little rally the last few days and it appears a breakout may be forming on the EUR/JPY.

A break to the upside may run to $131.00ish which the top side of the channel this pair has been trading in since mid October.

IMPORTANT NOTICE: These comments are for information purposes only. My opinions or other information contained in this post do not constitute investment advice. It should not be understood as a direct recommendation to buy or sell any currency contract or other investment vehicle. Forex trading involves substantial risk of loss and is not suitable for all investors.

2 Responses to “EUR/JPY Breakout?”

on 14 Mar 2009 at 1:03 pm1jonranes

I could see this happening. Some of the up moves thursday and friday seemed very very strong.
on 24 Mar 2009 at 11:09 pm2Marge Incall

Glorious trade Ryan. And hope you were able to keep riding it past 13100 (which then became, and still is, support).

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