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EUR/JPY Analysis Technical and Fundamental Perform Inversely for June, 19 2014

June 19, 2014 11:53 am

Yesterday EUR/JPY have bearish trend due to FOMC meeting minutes, and now today on 19.06.2014 EUR/JPY analysis shows that technical and fundamental perform inversely, means our technical analysis this currency pair move downward near support level at 138.30, but some fundamental events effect these expectations.

Yen Fundamental:

Today foreign bonds buying falls from 1326.6B to 638.2B due to this result Yen weaker and second economical event is that all industrial activity index (MoM) falls from 1.5% to -4.3% and now this pair move upward direction. Today EUR have not any fundamental event but major stock market effect the movements.

Recommendation:

Today EUR/JPY move downward slightly at our expected range 138.30 – 138.15 and close today in downward position.

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