18 May 2012 06: 26 GMT EUR/JPY: The corrective pullback from the March 111.40 continuous highs, and at this point, the close below the 200 - Day SMA could open the door for a more significant decline below 100.00 over the coming days. However, with daily studies now looking clay, we still hold onto a constructive outlook and will look for setbacks to stall out over the coming sessions in anticipation of a major bullish reversal. Goal back above 103.00 is now required at a minimum to relieve immediate downside pressures.
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