The chart directly below displays the euro / yen (EURJPY) cross with 50-period and 200-period moving averages. The theory suggests that the trend is favorable when the 50-period moving average ...

If we do pull back from here, I think there's plenty of support underneath, near the 0.5765 level, which also features the 50 Day EMA, an indicator that a lot of people pay close attention to as well.

USDCAD finally pushed above its 200 ema on Tuesday last week, the first of such a sustained break above this indicator since May’05.This is coming on the heels of failed attempts in April’06 and ...