Saturday, May 31, 2014

EUR/JPY Weekly Outlook

EUR/JPY edged lower to 137.97 last week but quickly recovered. Initial bias is neutral this week first. As long as 139.36 resistance holds, near term outlook stays mildly bearish. Current decline is a falling leg inside the consolidation pattern from 145.68. Below 137.97 will target 136.22 support. However, considering bullish



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