EURJPY: Continues To Face Bear Threats

While the cross closed slightly higher above our highlighted resistance at the 116.46 level, its April 18'2011 low on Tuesday, it has backed off that level in early trading today. We expect the 116.46 level to continue to cap gains. This should turn EURJPY lower towards the 114.78 level with

Source: ActionForexall Rss Feed

British Pound to Face Headwinds As Private Sector Activity Weakens