Monday, September 1, 2014

EUR/JPY Daily Outlook

Intraday bias in EUR/JPY remains neutral for the moment. With 138.02 intact, deeper decline is still mildly in favor for 135.50 key support level. Decisive break there will carry larger bearish implications. Nonetheless, break of 138.02 will indicate near term reversal and turn outlook bullish for stronger rebound back to 139.27 resistance.



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