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Mar 01 - 08:36 AM
EUR/JPY - M&A News Puts A Key EUR/JPY Fibo In The Crosshairs
First appeared on eFXplus on Mar 01 - 05:40 AM
  • Japan's MUFG to buy aviation finance unit of Germany's DZ Bank nL3N20O37L
  • That helped EUR/JPY, Fri, up from 126.65 to 127.25, according to EBS prices
  • Rise is just shy of the 127.29 Fibo, a 61.8% retrace of 133.13-117.85 fall
  • A break and daily close above the 127.29 would but bullish for the cross
  • EUR/USD breaks 30-DMA support after "bull trap" above cloud nL1N20O07A
  • U.S. GDP puts boosts USD/JPY bulls nL1N20O072, nL1N20O084, nL1N20N214

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