EUR/JPY’s steep pullback from 173.87 last week indicates short term topping, and a consolidation phase is now in progress. Initial bias is neutral this week first. Downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, firm break of 173.87 will resume larger rally from 154.77 […]
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