The EUR/JPY fell today, but is still over the all-important 115 level. This level simply must hold for the bulls to be involved still, and should prove pivotal. Of course, there are central banks sitting below, and they are more than willing to buy this pair as shown a few weeks back. Look to buy on signs of strength. If the 115 level gives way – the bank will get involved, which keeps us from shorting.
Originally posted here
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