Tuesday, December 9, 2014

EUR/JPY Daily Outlook

The break of 147.02 support suggests that a short term top is formed at 149.76 on bearish divergence condition in 4 hours MACD. Intraday bias is mildly on the downside for 144.21 support. At this point, we'd expect strong support from 142.08, 50% retracement of 134.13 to 149.76 at 141.94,



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