DAILY EUR/JPY CROSS OUTLOOK : June 6, 2013

DAILY EUR/JPY CROSS OUTLOOK – 130.28 06 Jun 2013 07:11GMT Euro’s intra-day strg rebound fm a fresh 3-week low at 129.44 (AUS) suggests recent decline fm 133.82 (May) has made a temp. low, a firm break abv 130.30 needed to bring stronger retrace. to 130.65, however, reckon 131.00 wud hold n yield retreat. Trade fm short side n below 129.81 wud signal recovery is over, bring weakness twd 129.44. STRATEGY : Hold short POSITION : Short at 130.25 OBJECTIVE : 129.45 STOP-LOSS : 130.35 RES

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DAILY EUR/JPY CROSS OUTLOOK : June 6, 2013

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