EUR/JPY pullback persists as overbought studies weigh; props by 138.10
Friday, June 5, 2015 1:57 PM UTC
- EUR/JPY consolidating overbought gains, pullback persists as overbought studies weigh
- Pullback begun with Thur's Bund yield peak by 1%, lack of Greek deal is proving a distraction for EUR longs
- Minor supports at 130.80-62, but Jun 3 low & 38.2% at 138.00-10 are pivotal
- Broader support is 200-DMA at 137.20, near the daily Kijun & Tenkan line
- Medium-Term upside target is weekly Cloud singularity at 141.97