Daily Forex Update: EUR/JPY

The downtrend on the daily chart of the EUR/JPY has been in place since near-term resistance at 140.00 and longer-term resistance at 170.00, which places the beginning of the downtrend at October of 2008. The EUR/JPY has most recently begun to slow the bearish momentum, and the pair has begun to congest between 111.11 and [...]