OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY could slip towards 132.24/131.80 – Commerzbank

FXStreet (Edinburgh) - In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, potential pullbacks could send the cross to the 132.24/131.80 area.

Key Quotes

EUR/JPY remains under pressure and we look for further weakness”.

“It is poised to reach the 133.37 6 month support line, while this may hold the initial test, we still view the market as having topped and look for a slide back to the 132.24/131.80 recent low and 61.8% retracement”.

“Slightly longer term we remain negative and we target the 2013-2015 support line at 127.65”.

EUR/USD retreats from highs, back to 1.1150

EUR/USD has returned to the mid-1.1100s after a failed attempt to break above the 1.1170 area, or session highs...
Read more Previous

GBP/USD wipes-out UK PMI-led gains, reverts to 1.5130

The pound erased gains and retreated from highs versus the US dollar in the European session, now pushing GBP/USD towards familiar range near 1.5130.
Read more Next
Start livechat