First appeared on eFXplus on Mar 13 - 01:35 AM
- EUR/JPY up some with USD/JPY on Nikkei bounce, Asia 131.13-69.
- Nikkei off early, bounce later, same pattern for USD/JPY, EUR/JPY.
- Cross essentially in 130.53-132.01 range since March 6, sideways.
- Currently pivoting around ascending 200-DMA at 131.54.
- Underlying support around descending 200-WMA at 129.55.
- Attempt to break and hold below last week roundly rejected.
EUR/JPY: Click here
Thomson Reuters IFR Markets