OctaFX | OctaFX Forex Broker
Anmelden
Konto eröffnen
Back

EUR/JPY capped at 136 handle

FXStreet (Guatemala) - EUR/JPY is currently trading at 134.49 with a high of 134.65 and a low of 134.42.

EUR/JPY has popped up in the open of Tokyo with Japan back from a number of sessions away. The Asian open is mixed while the Wall Street close was slightly negative. The Yen crosses have been robust while USD/JPY is reclaiming the 120 handle, but trading within familiar tight ranges and range bound and EUR/USD's climb was capped at the 1.12 mark capped at the 200 DMA allowing for consolidation in the cross.

EUR/JPY technical levels

Karen Jones, chief analyst at Commerbank explained that EUR/JPY came under increasing downside pressure yesterday following its recent failure to maintain a break of the 55 week ma, which lies at 137.04. "It has also failed at the 78.6% retracement at 137.55 and we view the market as having topped."

Jones added that they look for a slide back to 133.10 (end of May low) and then to the 132.24/131.80 recent low and 61.8% retracement. "Intraday rallies are indicated to terminate circa 134.10/60. Beyond 134.60 initial resistance lies at 136.00 ahead of the 137.40 recent high."

USD/JPY jumps back into the bids as Tokyo returns

The US dollar appears to regain lost footing and flipped to gains versus the yen as Japanese traders returned to markets after a long break, digesting the recent developments across the financial markets.
Mehr darüber lesen Previous

GBP/USD: - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair accelerates its decline ahead of the US opening, after breaking below the 1.5300 figure.
Mehr darüber lesen Next
Livechat starten