EUR/JPY Weekly Technical Report 18-22/3/2013

ecPulse
2013-03-18 06:50AM UTC

 

The pair leaped more than 200 pips lower, starting the week sharply lower, and heading towards the 50-days SMA, the bias is strongly bearish, however, it’s too risky to short the pair from current levels as the risk-to-reward is inappropriate. Accordingly, we will remain on the sidelines in our weekly report, but look for intraday opportunities within the upcoming updates.

 

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