17 Aug 2015
EUR/JPY: Losses mounting towards negative territory
FXStreet (Guatemala) - EUR/JPY is currently trading at 137.78 with a high of 138.40 and a low of 137.58.
EUR/JPY is trading with a heavy bias and has lost grip of the 138.20 mark following a decline from the 138.40 level. 137.60 is under pressure here and the Yen remains a perfumer across the board of crosses. USD/JPY has been the trigger, losing the mid point of the 124 handle and a break of 124.20 would open up loses to 124.00 bring 136.80 in to scope again in the cross.
EUR/JPY levels
However, Karen Jones, chief analyst at Commerzbank sighted dips to potentially finding support around here between the 137.35 late July high and the 200 day moving average at 136.91. "Only a currently unexpected slip below the 135.00 level would open up the possibility of a slide to key support at 133.30/10, the lows seen since May, unfolding."
EUR/JPY is trading with a heavy bias and has lost grip of the 138.20 mark following a decline from the 138.40 level. 137.60 is under pressure here and the Yen remains a perfumer across the board of crosses. USD/JPY has been the trigger, losing the mid point of the 124 handle and a break of 124.20 would open up loses to 124.00 bring 136.80 in to scope again in the cross.
EUR/JPY levels
However, Karen Jones, chief analyst at Commerzbank sighted dips to potentially finding support around here between the 137.35 late July high and the 200 day moving average at 136.91. "Only a currently unexpected slip below the 135.00 level would open up the possibility of a slide to key support at 133.30/10, the lows seen since May, unfolding."