Wednesday, March 5, 2014
EUR/JPY is still not able to break free from the 50-day MA/100-day MA zone right now. At this point, the upside is still capped at the 140.87/141.25 zone. We do not see any new break clues to suggest that this mkt will fly through that upper zone. There is risk of another pullback, but that would also be contained for now near the 100-day MA at 139.04.