EUR/JPY Daily Outlook

Jul 22 2010

EUR/JPY's break of 110.66 minor support suggests that choppy recovery from 107.30 has complete already. Also, failure below 113.40 resistance reaffirm the case that EUR/JPY has not bottomed yet. Intraday bias is flipped back to the downside for a test on 107.30 low first and break will confirm that whole