Thursday, June 19, 2014

EUR/JPY Candlesticks and Ichimoku Analysis

Although the single currency fell marginally to 137.71 earlier this week, lack of follow through selling and the subsequent rebound suggest minor consolidation would be seen and the convergence of the Tenkan-Sen and Kijun-Sen (now both at 138.90) needs to hold to retain bearishness for the fall from 143.79 to



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