OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY could test 136.15 – Commerzbank

FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the door could be open for a test of the 136.15 level.

Key Quotes

EUR/JPY has eased back from the 4 month resistance line at 134.58 and very near term we would allow for some slippage to 132.70/20, this should ideally hold for another attempt on the topside. There is scope for the top of the channel at 136.15”.

“Intraday dips are indicated to terminate circa 133.35/132.70. Below here, dips lower should find some support circa the 131.61 55 day ma. Below here will see the 129.67/28 zone retargeted (recent low and Fibo)”.

AUD/USD dips below 0.7200, tests support at 100-day SMA

The Australian dollar has deepened losses versus a stronger greenback, with AUD/USD sliding below the 0.72 mark, also weighed by renewed softness in the commodity complex.
Read more Previous

Oil prices drop below USD 37.00/barrel

Oil prices are being smashed once again ahead of the data in the US tomorrow, which could show inventories likely rose for 11th week.
Read more Next
Start livechat