Monday, June 2, 2014

EUR/JPY Daily Outlook

Intraday bias in EUR/JPY remains neutral for the moment. As long as 139.36 resistance holds, near term outlook stays mildly bearish. Current decline is a falling leg inside the consolidation pattern from 145.68. Below 137.97 will target 136.22 support. However, considering bullish convergence condition in 4 hours MACD, break of



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