Thu, 14 Aug 2014 13:46:18 GMT
EUR/JPY 4H Chart: Channel Down
The EUR/JPY currency pair has been generally declining since the beginning of this year; however, the current channel down pattern has been formed relatively recently, namely on July 3. Despite trading in the upward correction right now, the pair is likely to decline even more in the longer term, as the majority of daily and weekly technical indicators point to