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Jun 26 - 01:24 PM
EUR/CHF, EUR/JPY, AUD/JPY: L-Term & S-Term Trends - ING
First appeared on eFXplus on Jun 26 - 12:00 PM

ING summarizes its technical bias for EUR/CHF, EUR/JPY, and AUD/JPY

EUR/CHF

Long-term trend: Neutral. The weekly close below support around 1.1130 suggests further selling pressure

Short-term trend: Down. The consolidation below the lower end trading of the trading range around 1.1150 is bearish

EUR/JPY

Long-term trend: Down. A test of the solid horizontal support around 111.95 should be expected

Short-term trend: Neutral. Higher prices are still possible, although the upside potential remains limited

AUD/JPY

Long-term trend: Down. Long-term solid horizontal support comes in around 72.15

Short-term trend: Neutral. Bottoming scenario confirmed by breaking upper end falling trend channel around 74.70

Source:
ING Research/Market Commentary

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