Price trades at the highest level since June 17
The EURJPY is up for the eighth straight day. In the move higher, the price last week extended above both its 200 day moving average (currently at 129.91) and the 100 day moving average (currently at 130.433). There has been little in the way of a correction since the breaks.
The price is currently up around 19 pips at 132.69. The high price reached 132.78. In moving higher, the price has moved into the a swing area for the second consecutive day on the daily chart below between 132.469 and 132.88. A move above that area would push the price into the high extreme for the year up to the end of May/early June high at 134.117.
