Friday, October 31, 2014

EUR/JPY Weekly Outlook

EUR/JPY surged sharply in response to BoJ's surprised easing. The development suggests consolidation pattern from 145.68 has completed at 134.13 already. Initial bias remains on the upside this week for 141.21 resistance first. Break will target a test on 145.68 next. On the downside, break of 138.03 support is needed



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