13 Jul 2015
EUR/JPY: Mixed on Greek uncertainty, key levels - CB
FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank explained that the EUR/JPY saw a fairly monster rally on Friday.
Key Quotes:
"Given the robust rebound from the 133.10/57 support (Fibo and May low), we suspect that the 137.15 200 day ma will come under further attack this week."
"A break above here will introduce scope to the 140.70/141.06 recent highs, which is again expected to act as tough resistance for the market.. Dips lower are indicated to find some support around 135.00 ahead of 133.57/10."
Key Quotes:
"Given the robust rebound from the 133.10/57 support (Fibo and May low), we suspect that the 137.15 200 day ma will come under further attack this week."
"A break above here will introduce scope to the 140.70/141.06 recent highs, which is again expected to act as tough resistance for the market.. Dips lower are indicated to find some support around 135.00 ahead of 133.57/10."