FXstreet.com (Barcelona) - The EUR/JPY was capped at 100.33 and didn’t hold the 100.00 handle like it didn’t on Wednesday and Thursday. The EUR is back under pressure as financial sector officials’ comments about the Eurozone and Greek bankruptcy jitter the market.
The EUR/JPY fell to 99.50, where it is holding on.
“The downside break of 104.62 extended the pullback from the 111.44 March swing high and while below 102.13/104.62 the risk is seen for further weakness towards the year`s low at 97.03 after negation of a potential H & S base pattern”, wrote MIG Bank analyst Howard Friend.
The EUR/JPY fell to 99.50, where it is holding on.
“The downside break of 104.62 extended the pullback from the 111.44 March swing high and while below 102.13/104.62 the risk is seen for further weakness towards the year`s low at 97.03 after negation of a potential H & S base pattern”, wrote MIG Bank analyst Howard Friend.
