Friday, February 7, 2014

EUR/JPY Weekly Outlook

After initial fall to 136.22 last week, EUR/JPY recovered strongly to close at 139.51. Nonetheless, upside was still limited below 140.49 support turned resistance, as well as the near term falling trend line. Outlook, thus, stays bearish for the moment. Initial bias is neutral this week first. Below 138.16 minor



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