Tuesday, October 29, 2013

EUR/JPY Daily Outlook

EUR/JPY is staying in range below 135.50 and intraday bias remains neutral. The cross could be in the final stage of a diagonal triangle from 124.95. Hence, while above 135.50 will extend recent rally, we'd expect strong resistance below 139.21 resistance to bring larger reversal eventually. On the downside, below



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