DAILY EUR/JPY CROSS OUTLOOK - 137.07 25 Jul 2014 06:24GMT
Despite yesterday's brief weakness to a 5-1/2 month
low of 136.37, as renewed buying above 2014 trough at
136.24 has lifted price to 137.20, stronger retracement
to 137.30/35 is seen b4 prospect of another retreat,
however, reckon 136.37 would remain intact.
Sell on intra-day rise for 136.60 or buy there
for 137.30. Only above 137.50 risks 138.85/89 later.
STRATEGY : 1.Sell at 137.30 or 2.Buy at 136.60
OBJECTIVE : 1)136.60 or 2)137.30
STOP-LOSS : 35 points
RES : 137.20/137.50/137.89
SUP : 136.71/136.37/136.24
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