SPOT EURJPY - signals continue to point lower & to selling rallies
Despite Tuesday’s EURJPY buying from close to the 200 week average rate and a rally into the close, sellers returned to the market on Wednesday, sentiment posting a 2nd lower daily high in a row and a loss of ¾ Big Fig. Although this is negative, prices are once again testing the 200 week line and until this is broken the outlook for Thursday is only cautiously bearish and the call is to sell just modestly on the open and then at 128.44, Wednesday’s Marabuzo line with a stop loss at 129.22, yesterday’s top. Targets are to 127.54, today’s Asia low, 127.00 and 126.07, the 9 week low trade.
3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.