27 Feb 2015
SEB: EUR/JPY focus turning towards 132.57-132.00 levels – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s technical outlook for EUR/JPY, with SEB expecting sellers to push the pair lower towards 132.57-132.00 levels on a break below 133.56.
Key Quotes
“After three days of failed upside attempts above the mid body point of Monday’s bearish engulfing candle the sellers stepped up to the plate and aggressively pushed the cross lower.”
“More supply is expected to hit the market once the 133.56 support has been cleared (thereafter focus will be turning to the 132.57 – 132.00 area.”
“Upside reactions should be limited to the 134.30-area.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“After three days of failed upside attempts above the mid body point of Monday’s bearish engulfing candle the sellers stepped up to the plate and aggressively pushed the cross lower.”
“More supply is expected to hit the market once the 133.56 support has been cleared (thereafter focus will be turning to the 132.57 – 132.00 area.”
“Upside reactions should be limited to the 134.30-area.”
This content has been provided under specific arrangement with eFXnews.