Saturday, November 29, 2014

EUR/JPY Weekly Outlook

EUR/JPY drew support from 4 hours 55 EMA and recovered last week. But overall outlook is unchanged. The consolidation from 149.13 might extend lower. But in that case, downside should be contained by 142.08/144.21 support zone and bring rally resumption. Break of 149.13 will extend the larger up trend to next fibonacci level at 152.59.



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