OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY recording fresh lows at 129.66/68

FXstreet.com (Barcelona) - The EUR/JPY is in free fall mode, notching fresh session lows during US trading in the depths of 129.66/68 in these moments.

Following a break below the 129.91 support, Mataf.net analysts calculate additional measures of fortification for the EUR/JPY at 129.19, ahead of 128.10. On the ascension, a break above the 131.72 handle will initiate resistance at 132.81 and 133.53. Presently, the cross is incurring a stanch decline of -0.57% during US trading.

According to the Technical Analyst Team at ICN.com, “The EUR/JPY is holding below 131.70 broken horizontal support, after breaking the ascending support for the rising wedge pattern shown on image. Accordingly, a continuation of the latest bearish sell-off seems likely, so long as price is holding below 131.70 over daily closing basis. We recommend a target start at the 50-day SMA near 128.50.”

EUR/USD falls below 1.3000

The euro has retraced completely its European session gains, sliding back below the 1.3000 mark versus the greenback at the beginning of the NY session.
Read more Previous

US: Apr Construction Spending (MoM) increases 0.4% vs -0.8% in Mar

Read more Next
Start livechat