EUR/JPY Weekly Outlook
Saturday, July 23rd, 2011 at
5:25 am
EUR/JPY’s recovery from 109.57 extended further last week but failed to sustain above 113.49 support turned resistance and weakened again. We’d continue to expect upside of such recovery to be limited by 113.49 resistance and finally bring resumption of recent decline from 123.31. Below 111.45 minor support will flip bias
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