Daily Forex Update: EUR/JPY
The EUR/JPY has lost a good deal of the short-term downside momentum that pushed prices lower from the June 3 high of 114.15, and this rejection shows that buyers are not willing to support prices above 114.00 for now. However, the Falling Wedge pattern alert shows what could be a second push higher, within an intraday downtrend transition, towards this level.
- 4 June |
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