Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
May 09 - 03:48 AM
EUR/JPY - Upside Limited To 129.88, Off Again
First appeared on eFXplus on May 09 - 01:50 AM
  • EUR/JPY up earlier with USD/JPY from 129.38 to 129.88, easy since.
  • No real reason to buy EUR now given overhang of long positions, Italy.
  • Descending 55-HMA now at 129.92 likely to cap, mostly below since 4/27.
  • Some support still around 129.00 but stops likely large sub-128.90.
  • 129.19 low 3/26, 128.96 3/23, 128.90 break could see push to 128.50.
  • Series of low @128.50 8/22-24 '17, 127.57 low on 8/18 '17.

EUR/JPY: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About Us
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!