FxWirePro
Short

EUR/JPY capped below the 130 handle, more downside likely

FX:EURJPY   Euro / Japanese Yen
198 0 1
EUR/JPY             continues to see successively lower retracement highs, 130.10 high today, likely cap for now, hourly cloud above between 130.05-25

The pair slipped below the 130 handle on Friday's trade, hit a fresh 7-month low at 129.67, but has pared some losses on the day to currently trade at 129.94

100 and 200 SMAs show bearish crossover around 135.20 for the first time since mid August, further confirming the risk towards the downside

Daily RSI is probing its most oversold reading since the September and Stochs are also in highly overbought zone, so some caution advised as pair might see some unwinding

We would sell rallies to target 129.30 initially and then 129 levels, immediate resistance is located at 130.16 (5 DMA), while support is seen at 129.67 (Nov 27 low)

Resistance Levels:

R1: 130.16 (5 DMA)

R2: 130.25 (Daily High Nov 27)

R3: 130.35 (Daily High Nov 26)

Support Levels:

S1: 129.67 (Nov 27 low)

S2: 129.63 (76.4% Fibo 126.08-141.06)

S3: 129.39 (Daily Low Apr             28)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out