Tuesday, October 28, 2014

EUR/JPY Daily Outlook

The rebound from 134.13 extended higher and could continue. But again, as long as 137.93 resistance holds, deeper decline is still expected. Prior break of 135.50 support was taken as an indication of medium term trend reversal. Below 135.20 minor support will turn bias to the downside for 134.13 first.



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