The Bank of Japan policy to continue to weaken the japanese yen is still active. So even with the weak euro, i still expect the euro to gain over the yen.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
The daily chart is showing some tightening of the bollinger bands, with the stochastic indicator crossing up, signaling bullish momentum.
The indicator is also above the 50 mark, which is good for more bullish action.
Weekly chart is also showing some rise in th…
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