Wednesday, April 30, 2014

Trade Idea: EUR/JPY - Hold short entered at 142.20

Although the single currency rebounded to as high as 142.47 yesterday, renewed selling interest did emerge there as suggested and euro has slipped again, retaining our bearishness and a breach below indicated strong support at 140.99 would signal top is formed, bring weakness to 140.60-65. Looking ahead, only below 139.96



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