EUR/JPY Mid-Day Outlook

EUR/JPY Mid-Day Outlook

EUR/JPY drops sharply to as low as 114.20 but is still contained above 111.95 support. There is no confirmation of reversal yet and we'll stay neutral first. Nevertheless, decisive break of 111.95 will indicate that whole rise from 106.81 is finished. Also, this will also suggest that medium term consolidation<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/NecLi3hC27Q" height="1" width="1"/>

Source: EUR/JPY Mid-Day Outlook