- EUR/JPY bears lurking for the open next week.
- EUR has remained firm and bulls stay in control, but the focus is on the Yen.
EUR/JPY is higher on Friday but that not tells the entire story as the following technical analysis illustrates. It has traded between a low of 155.92 and a high of 156.13 but there is a bearish bias:
EUR/USD technical analysis
While the Euro has upside potential, the EUR/JPY chart is bearish as the Yen is flying:
USD/JPY analysis
DXY analysis
EUR/JPY, possibility
If the Yen continues and US Dollar bears remain reluctant to commit, we could see the above scenario play out.
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