Technical Analysis – EURJPY hourly: Euro in uptrend versus the yen but correction underway
Posted on November 20, 2013 at 9:22 am GMT[caption id="attachment_11439" align="alignnone" width="550"] (click to enlarge)[/caption] Euro / yen is an important currency pair that is often used as a proxy for risk sentiment. Rising risk appetite tends to favor the euro, while risk aversion tends to favor the yen. In line with rising risk assets, the euro has posted gains during the past 10 or so trading sessions and managed to post fresh 4-year highs as well. The euro is in a clear uptrend versus the yen, as [..]