EUR/JPY – Bounce?

 | Mar 13, 2012 09:00AM ET

Currently we are  @ 108.34  after breaking the bull flag and then the downtrend wall. We are looking for a bounce here past the 108.73 top. Once that is cleared look to the R5 target @ 109.42.   A failure to bounce targets a move back into the trend and the R4 @ 108.00 area.  We are bullish currently on the cross.