EURJPY seems to be occupying a channel which will take it towards 135.00 over the next few weeks.
The rally of the last few days seems to be running out of steam at the upper band of the channel and as sentiment towards relaxation of monetary policy in Eurozone is likely to intensify, Pressure on the Euro is likely to become stronger.
I target is hit I expect further deterioration over next few months, towards 130.00
The rally of the last few days seems to be running out of steam at the upper band of the channel and as sentiment towards relaxation of monetary policy in Eurozone is likely to intensify, Pressure on the Euro is likely to become stronger.
I target is hit I expect further deterioration over next few months, towards 130.00