OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/JPY trades with bearish bias

FXStreet (Guatemala) - EUR/JPY is trading at 139.74, down -0.07% on the day, having posted a daily high at 139.92 and low at 139.69.

EUR/JPY remains sub of the 140 handle having lost territory overnight and has marked fresh lows on from Friday’s business. The pair comes with a bearish bias as a result. In the 4 hours chart indicators present a strong bearish slope and approach their midlines, not yet signalling a bearish continuation according to Valeria Bednarik, chief analyst at FXStreet. “The bearish move can extend down to 139.20, without really affecting the overall positive trend, yet a break below should signal a deeper movement, at least in the short term. Further gains are now expected only on a recovery above 140.40 a bit too far away for this Tuesday”.

EUR/JPY support and resistance levels

Support levels: 139.50 139.20 138.60

Resistance levels: 140.00 140.40 140.80

Kocherlakota: Fed should be more agressive on inflation mandate

President of the Fed of Minneapolis Narayana Kocherlakota, voting member this year, gave a speech on the 'objectives of monetary policy’.
Read more Previous

GBP/JPY consolidating around key 178 handle

GBP/JPY is trading at 177.98, down -0.05% on the day, having posted a daily high at 178.26 and low at 177.93.
Read more Next
Start livechat