AceTraderFx Jan 27: Daily Outlook on Cross EUR/JPY

[acetraderfx]

INTRA-DAY EUR/JPY CROSS OUTLOOK - 140.25
27 Jan 2014 04:28GMT

Although euro's intra-day rally after initial
brief break of Fri's low at 139.76 (NY) to a fresh
6-week bottom at 139.20 suggests a temp. low has
been made n choppy trading is in store, reckon
140.20/30 wud cap upside n yield subsequent retreat.

Hold short for 139.85 n exit on decline as
139.45/50 wud remain intact. Abv 140.51 risks 140.80.