Forex News EUR/JPY price action suggests a period of consolidation for the next couple of days before the downside is again tested, says Mizuho Corporate Bank's Nicole Elliott. She favors using any rallies to the middle of the crosses current trading band as a selling opportunity, for a far more serious decline sometime in July. For a strategy, Elliott favors selling at market, adding at 167.00, with a stop at 167.75, for downside targets of 165.50 and 164.00. EUR/JPY now at 166.84.
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