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EUR/JPY Turnaround Eyes 138

From capitaltrustmarkets.com

On Thursday Euro managed to completely turn the tables against a weakening Yen. EUR/JPY shows multiple bullish technical signals, all pointing to future gains toward 138 and possibly even 139.15. Technical Analysis EUR/JPY rally began in the early hours of European session; when Euro sentiment received a boost as Spanish Unemployment Rate unexpectedly dropped to 23.7% while German and Euro-zone PMIs finally showed signs of stabilizing.   Late last week EUR/JPY showed the first reversal signs following its 700 pip sell-off down from 141 to 134. A large bullish Pin bar led buyers above the resistance ... (full story)

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