OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY: next target is 137.40/53 - CB

FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank explained that EUR/JPY has cleared the 200 day moving average and the two month resistance line.

Key Quotes:

"In doing so suggests a move to the 137.40/53 – the September high and the 4 month downtrend, where we suspect it will fail."

"A close above here is needed to restore upside pressure. Key short term support is the 6 month uptrend at 133.79. We note the TD perfected set up on the 240 minute chart and would allow for a dip to 135.95 intraday."

"Slightly longer term we remain negative and we target the 2013-2015 support line at 127.72. Initial support is at 131.80, then at the 129.28 78.6% Fibonacci retracement of the April-to-June rise."

EUR/USD: 4hr RSI overbought - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained the technical conditions surrounding EUR/USD.
Read more Previous

US stocks end lower on US data, earnings reports

US indexes ended the day with losses, as adding to poor local data, the earnings season kicked in with Netflix plunging 14%, as the company reported less earning than expected per share.
Read more Next
Start livechat