Friday, October 4, 2013

EUR/JPY Candlesticks and Ichimoku Analysis

Euro's stronger-than-expected retreat after rising to 134.95 last month suggests consolidation below this level would be seen and test of 131.00, then the upper Kumo (now at 130.61) cannot be ruled out, however, a daily close below 129.93-130.00 support is needed to signal a temporary top is formed, bring correction



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