Friday, June 27, 2014

Trade Idea: EUR/JPY - Stand aside

Despite yesterday's selloff to 137.92, lack of follow through selling and the subsequent rebound suggest further choppy consolidation would be seen and another bounce to 138.50-60 cannot be ruled out, however, reckon upside would be limited to this week's high at 138.93 and renewed selling interest should emerge around 139.40-50



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