Euro Yen

Chart courtesy of Metastock. Data provided by Quote Center.

The daily EURJPY had a buy signal recently and as you can see it has already moved up nearly 300 pips since then. I am still long but have raised my stop fairly tight. Although the trend is up, if you are long on this pair then be aware of the price action in the fib reversal region. A continaution up and break with good volatility above the high of 160 would be a bullish signal.

The GBPUSD still looks bullish and looks like it is attempting to head and re-test the previous highs. Watch for a break for long possibilities or a failiure for short possibility.

Good luck today.