Friday, May 2, 2014

Trade Idea: EUR/JPY - Hold short entered at 142.20

Euro's rebound after retreating to 141.13 suggests further consolidation above indicated strong support at 140.99 would be seen but as long as 142.15-20 holds, bearishness remains for another fall, a breach below said support at 140.99 would signal top is formed, bring weakness to 140.60-65. Looking ahead, only below 139.96



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