Tue, 14 Aug 2012 15:32:16 GMT
EUR/JPY advances further
The single European currency is posing for further appreciation against Japan's Yen after forming a triple bottom formation in the last three weeks. If bullish momentum is to persist pair must breach 97.339 (Weekly R1) which would pave the way above 55 day SMA and Bollinger band at 98.430. However, if the pair decelerates, 97.413 (Monthly PP) should be