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Jan 05 - 10:55 PM

EUR/JPY - Rocked By Falling Stocks; Bulls Must Defend 130.66

By Ewen Chew  —  Jan 05 - 09:37 PM
  • EUR/JPY rocked by falling Asia stocks as risk-off intensifies

  • Nikkei down more than 2.0%, oil prices -1.1%, UST yields slip

  • Bullish trend at stake as Fibo support 131.15 gets tested

  • Failure to close above that may cue long-trimming in near-term

  • Further pullback to 130.66 Bollinger band could follow

  • If bulls can't defend that key level, uptrend channel nullified

  • For more click on FXBUZ


EURJPY: Click here

Source:
Refinitiv IFR Research/Market Commentary

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