Fri, 30 Nov 2012 16:12:30 GMT
EUR/JPY confronts monthly R2
Today the EUR/JPY currency couple experienced a significant bullish advance, which at the particular moment confronts the monthly R2 at 107.43, which might bring some bearish momentum. In case it is breached, then the currency pair is very likely to reach the upper Bollinger band at 108.30, which in turn is expected to reverse the prevailing movement upwards. Moreover, the