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Oct 08 - 05:00 AM
EUR/JPY - Hits The Level That Will Decide Next 200 Pip Move
First appeared on eFXplus on Oct 08 - 02:55 AM
  • EUR/JPY +0.2% today reaching base of daily Ichimoku cloud @ 117.86

  • Cloud is thick to 119.60 implying strong resistance

  • Cloud also descending. If not broken base will weigh @ 117.55 mid-Oct

  • Closing break would target cloud top. Potentially Sep high @ 120.02

  • Failure at cloud base will likely see Sep's 115.87 restested











EURJPY Click here

Source:
Refinitiv IFR Research/Market Commentary

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