Today’s price action saw the EUR/JPY test our 100 day simple moving average and 50% retracement from the June 3rd high to June 6th low. Despite a brief rally for the euro, our bearish channel is still intact. The pair could still have a rally, but bearishness could continue unless
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EUR/JPY – Bearish Channel Intact
– June 11, 2010Posted in: Forex Technical Analysis