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Apr 06 - 06:55 AM

EUR/JPY - May Drop To 125.00 After Key Upside Level Holds

By Jeremy Boulton  —  Apr 06 - 04:36 AM
  • EUR/JPY reached 130.66 in March but closed 129.84 below 200-MMA 130.32

  • EUR/JPY has traded below 200-MMA since October 2018

  • Monthly Ichimoku cloud twists in June at 125.84-125.18, twists attract

  • Traders are long EUR and now also substantially short JPY IMM/FX

  • Funding currencies will determine 2021's FX trends nL8N2LZ1LB


EURJPY monthly Click here

Source:
Refinitiv IFR Research/Market Commentary

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