EURJPY: ranges getting tighter

Source: www.forexlive.com

It seems that the EURJPY range has been shriking over the course of this week, with Yen crosses taking a back seat to straight USD positioning. Its been unable to crack above yesterday’s high of 138.05. Buyers are seen at 137.00-20 with stops below. Sellers 138.00-10 then 138.30. It needs to break the extremes before we can get a clear picture of the next move, however i cant see it happening in Asia today.


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