Quick look at EUR/JPY

EURJPY D1 (03-28-2016 1400).png

Pair’s rebound from the rising trend line followed by a move back inside the falling channel has increased the odds of a bullish move to Mar 11 high of 127.28.

Acceptance above the same would expose resistance at 128.35, following which the pair could make a go at falling channel hurdle.

Conversely, dips may be bought into unless prices see a daily close below rising trend line – blue, in which case the pair may resume its fall towards Mar 1 low of 122.06 levels.


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