EUR/JPY tests the 119.15 support and rebounds looking for 120.00 forex trading

Thu, Feb 19 2009, 17:56 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - Early American session, and after reaching the 120.35 (three weeks high), the EUR/JPY has fallen 120 pips to the 119.15 support on a correction movement, then the pair has begun to rise again.

The EUR/JPY has risen 50 pips in the last hour to be traded above the 119.50 level in line to test the 120.00 resistance again. If the par breaks the 120.00 and 120.35 resistance, it will go up to the 122.30, January 19th high.