Monday, January 12, 2015

The EUR/JPY keeps breaking new lows

The Yen has been strengthening versus the major currencies, including the Euro. Last week the EUR/JPY found a good support at the 140.00 level, but today the bearish momentum has kept going and the pair broke the 140.00 level to the downside. From this point on we could wait for confirmation of the breakout of the 140 level and wait for the pullback for a possible short entry. Next major support should be the 139.00 level.


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