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EUR/JPY powerful rally threated

From an hourly perspective, the EUR/JPY has reached its highest momentum reading of the last 20 days of trading.

Recent EUR/JPY longs are speculative and likely vulnerable. Unless they are fed with comforting releases, a torrent of selling could very well ensue in the form of profit taking and/or forced liquidation.

With the fresh printed hourly MACD showing less acceleration, the prospect for a base building or correction in the near future looks to be quite realistic.

AUD/JPY warns of a stronger rally attempt

AUD/JPY warns of a stronger rally attempt
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In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot could visit the 0.9533/27 area...
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