Tuesday, June 3, 2014

EUR/JPY Daily Outlook

The break of 137.97 resistance suggests that a short term bottom is in place at 137.97 on bullish convergence condition in 4 hours MACD. Intraday bias is back on the upside for stronger rebound back to 55 days EMA (now at 140.21) and above. Overall, the consolidation pattern from 145.68



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