19 May 2015
EUR/JPY downside opening up
FXStreet (Guatemala) - EUR/JPY is currently trading at 135.76 with a high of 136.96 and a low of 135.71.
EUR/JPY is steady in early Asia after the large scale sell off through the 136.70/137.29 February high and 200 day ma. The euro was in supply in Europe of the back of tensions surrounding the Greek debt scenario cropping up again and taking the markets attention.
Technically, we are trading well below the pivot located at 136.36 while the cross comes with a bearish bias. Karen Jones, chief analyst at Commerzbank explained that for the downside to really take a hold, a break below 132.45 and the short term uptrend will negate the correction higher and cast attention back to the 126.08 lows. Valeria Bednarik, chief analyst at FXStreet noted that the pair has an immediate static support at 135.45, which means a break below it is required to confirm a downward continuation towards the 134.00 price zone first of all.
EUR/JPY is steady in early Asia after the large scale sell off through the 136.70/137.29 February high and 200 day ma. The euro was in supply in Europe of the back of tensions surrounding the Greek debt scenario cropping up again and taking the markets attention.
Technically, we are trading well below the pivot located at 136.36 while the cross comes with a bearish bias. Karen Jones, chief analyst at Commerzbank explained that for the downside to really take a hold, a break below 132.45 and the short term uptrend will negate the correction higher and cast attention back to the 126.08 lows. Valeria Bednarik, chief analyst at FXStreet noted that the pair has an immediate static support at 135.45, which means a break below it is required to confirm a downward continuation towards the 134.00 price zone first of all.