Friday, November 29, 2013

EUR/JPY Weekly Outlook

EUR/JPY's rally accelerated further to as high as 139.70 last week and breached 139.21 resistance before losing some intraday momentum. Further rally is still expected with 137.98 support holds. But we'd be very cautious on strong resistance from long term fibonacci level at 140.98 to bring reversal. Break of 137.98



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