Razvan

EURJPY - Still undecided

FX:EURJPY   Euro / Japanese Yen
194 0 1
EUR/JPY             has consolidated near the uptrend line pretty nicely. Using the current premises I believe that another bounce from 141.00 area would trigger a rally above 142.00 all the way to new highs. But I would not exclude a negative scenario. A drop under the 141.00 could mean that a bigger correction might start for the euro             , with the first target at 140.00.
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