PFFXCAPITAL

EUR/JPY Under Pressure

FX:EURJPY   Euro Fx/Japanese Yen
58 0 0
EUR/JPY             is at the mercy of both $ and             weakness at the moment therefore if it breaks down we could see the 138.5-138.8 area tested.
In the meantime, we are in no man's land as far as entry or reentry is concerned. Bulls may want to wait for the aforementioned levels to consider longs while bears may have a look at any pullback towards 140.3
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