EUR/JPY Classical 07.06
Eur/Jpy: Overall structure remains intensely bearish, but difficult to establish clear directional bias at current levels, with medium-term studies looking quite stretched. As such, we would recommend looking to buy into dips back towards 1.0700 in anticipation of a major upside reversal beyond 115.00 over the coming days.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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