Saturday, May 3, 2014

EUR/JPY Weekly Outlook

EUR/JPY continued sideway consolidation in range of 140.07/143.47 last week. Outlook is unchanged with initial bias neutral this week first. Price actions from 145.68 are viewed as forming a consolidation pattern with rise from 136.22 as the second leg. Break of 140.07 will revive that case that such second leg



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