EUR/JPY TALKING POINTS:
- After a significant surge of Yen-strength to start the year, EUR/JPY has spent much of the time since in varying forms of recovery, adhering to a bullish channel that’s built over the past few weeks of price action.
- Last week brought the bears back on the pair as Euro weakness became more prominent, and an early-week bounce is in-focus after sellers responded to offer resistance at the 38.2% marker of last week’s sell-off.
- DailyFX Forecasts are available on a variety of currencies such as the US Dollar or the Euroand are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.


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