The Euro continues to consolidate in familiar territory against the Japanese Yen after finding support above the 138.00 figure. A break above the 23.6% Fib retracement at 139.16 on a daily closing basis exposes the 38.2% level at 139.79.Near-term support remains in the 138.13-33 area, marked by the
Prices are too close to resistance to justify a long position from a risk/reward perspective. On the other hand, the absence of a confirmed bearish reversal signal warns against taking up the short side. Wewill remain flat for now.