Technical Analysis – EURJPY, 4-hourly: Bearish action to be confirmed if 138 support doesn’t hold
Posted on June 11, 2014 at 8:42 am GMT[caption id="attachment_17532" align="alignnone" width="555"] (Click to enlarge)[/caption] Price action for Euro / Yen has turned bearish since failing to break the 140 level on June 9. The pair is currently eyeing the 138 level, and if it trades below it, it will register a fresh 4-month low, which could signal further downside. The euro has not traded below 138 since early February. 138 could also act as a support of course, since it held against an attempt to break below [..]