After highs of 89.67 in Asia the pair’s backed off a touch but remains well underpinned through the crosses. A clean break of the psychological 90.00 level targets the highs of June 2010 of 92.89. (The break up through 89.21 on Friday entered into the monthly Ichimoku cloud) .
Bids are seen from 89.25 down to 89.00 with more down at 88.70/80. Offers remain from 89.60 up to the 90.00 barrier
EUR/JPY took out the 120.00 barrier in Asia to 120.13 but lack of follow through has seen the pair drift off to 119.39 in light volume trading. Bids sit down at 119.00/10 and 118.50/60
USD’s presently around 89.36 with the EUR at 119.45
