Thursday, December 26, 2013

EUR/JPY to Face 145.18/04

Among the nearest resistances, neither the weekly R1 at 143.12 nor the weekly R2 at 143.96/91 are expected to hinder the current rally. However, the up-trend line at 145.18/04, which has been in place since the end of 2011, is likely to encourage profit-taking, which might result in a slide



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