Saturday, December 13, 2014

EUR/JPY Weekly Outlook

EUR/JPY's dip last week suggested short term topping at 149.13. Further decline would likely be seen to 144.21 resistance turned support. At this point, we'd expect strong support from 142.08, 50% retracement of 134.13 to 149.76 at 141.94, to contain downside and bring rebound. On the upside, break of 149.76



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