Monday, January 19, 2015

Pullback on the EUR/JPY daily chart

Will the 137.00 level act as a resistance on the EUR/JPY? So far the pair has been steadily correcting to the upside and has broken the 136.00 level after bouncing from the 135.00 level. At the moment the price is very close to touching the 137.00 level and since the bearish trend is still in place, the price may try to stall at that level or even try to bounce back down. Therefore, let us pay attention to a possible visit to the 137.00 level, because some trading opportunities may be present there.


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