Forex | EUR/JPY | Euro/Yen | Technical Analysis | 3 February 2011
EUR/JPY is in a wedge-like ending diagonal pattern which looks almost complete. I count 5 waves within its borders so it could be about to break. Any move down would be expected to reach support at 111.75 initially, from the 200 day MA, and then perhaps at 111.25 from the major trendline off the November ’10 highs. Read more
