EURJPY: Having turned back lower following a reversal of its intra day gains during Wednesday trading session, EURJPY eyes further bear pressure on price failure. This view remains valid as long as the cross trades and holds below the 132.79/99 zone. Resistance resides at the 132.50 level with a break above that level paving way for strength to develop towards the 133.00 level. Above here will aim at the 133.50 level. Further out, a turn above here will shift attention to the 134.00 level with a breach turning focus to the 134.50 level. Conversely, support comes in at the 131.50 level. Further down, support stands at the 131.00 level where a violation will aim at the 130.50 level. All in all, EURJPY eyes further bear pressure on price failure while holding below the 132.79/99 zone.
Get More Power Over Your Trading With Less Hassle
FXTechstrategy delivers powerful buy/sell trade ideas with stop losses, price targets and super-easy analysis to help you improve your results
GET MORE POWER OVER YOUR TRADING WITH LESS HASSLE
The Award-Winning Analysis Solution for Forex & Commoditidy Traders
Your trading, made easier
Get 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
Stay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
Whether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.