Monday, December 8, 2014

EUR/JPY Daily Outlook

EUR/JPY retreated sharply after hitting 149.76. But at this point, further rise is still expected as long as 147.02 support holds. Above 149.76 will target next fibonacci level at 152.59. However, considering bearish divergence condition in 4 hours MACD, break of 147.02 will indicate near term reversal and could bring



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