EURJPY has made a bullish break of a small channel , exiting over the last year.
If the larger mulit year channel structure still exits , then Euro will beat Yen hand over fist , with targets of 140, 150 and clear air till 1.70.
The majority presently are short EURO big time , against the DOLLAR and YEN.
A contrarian sentiment would consider this possibility.
If the larger mulit year channel structure still exits , then Euro will beat Yen hand over fist , with targets of 140, 150 and clear air till 1.70.
The majority presently are short EURO big time , against the DOLLAR and YEN.
A contrarian sentiment would consider this possibility.