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.
I agree with the analysis, good point.
ReplyDeleteGood analysis, thanks!
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ReplyDeleteThanks for the relevant information.
ReplyDeleteVery nice, thanks.
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