Trend of the Day - EUR/JPY

EUR/JPY formed a Morning star at the 132.00 region and has broken from 3 days of sideways congestion.

EUR/JPY formed a Morning star at the 132.00 region and has broken from 3 days of sideways congestion. Look for a possible retest of the June 12th high of 138.28. Stops placed below 132.38 should control risk. Risk appetite and the carry trade seems to be the theme for this month.