MWellerFX

EUR/JPY on Verge of 3-Month Trend Line Break

Short
FX:EURJPY   Euro / Japanese Yen
1
The EUR/JPY is testing 3-month bullish trend line support after putting in a lower high last week. If rates can break through this level, it would expose support at 99.50 or 98.00. Risk appetite is clearly bearish , with U.S. stocks at 1-month lows, which could also pull down EUR/JPY and lead to a conclusive trend line break .
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