JPY Trading Outlook (28-02-2014)
EUR/JPY: Yen appreciated in London session caused by Ukraine woes. EUR/JPY was the starting yen crosses that led the sell stop runs after capped by 140.25. When 139.66 (Wednesday low) gave away, the downtrend accelerated and broke below the cloud base, Kijun and 38.2% of the 136.25-141.29 rise in the 139.30s. EUR/JPY posted lower daily highs and lows after peaking on Feb 21 by the 55-DMA and 140.25 was once again capped.
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