EUR/YEN Update – 01/06/2017 (11:45am) – by Arjun Lakhanpal
June 1, 2017EUR/YEN Update – 01/06/2017 (11:45am): EUR/JPY’s near term outlook is neutralising. Last week it failed to clear the 125.81 May high, and now side lined and holding its 20 day ma at 124.40. We would allow for slippage to 122.56 last weeks low and potentially the 121.05 55 day ma, but suspect that it will hold in this vicinity. Above the 125.81 recent high will target the 2016-2017 channel at 127.13.
