Tue, 21 Jul 2015 12:16:09 GMT
EUR/JPY 4H Chart: Channel Down
There are several factors that are increasing the probability of a steeper decline of the Euro against the Japanese Yen in the long-term. Two weeks ago the 100-period SMA crossed the 200-period SMA to the downside, just before EUR/JPY bounced back from the upper edge of the pattern. Additionally, the exchange rate has recently consolidated below the 55-period SMA. The