EUR/JPY: Euro holds above 129.475
|EUR/JPY: Euro holds above 129.475
What is going on now with EUR/JPY?
EUR/JPY: The Euro failed to continue above 130.395 in the last session and fell out of the bullish channel. It was down to 129.696 at the end of the last session. The pair started into today's session below the previous close but failed to push on and dropped to 129.35 support.
Our forecast
EUR/JPY: The Euro currently trades at 129.555 after bouncing at the bottom of the price channel in the 60 minutes price chart. The pair is holding above 129.475 support but needs to break and hold above 129.740 to continue to its target at 130.000. The pair could pull back to 129.245 if it fails at 129.475
Support -129.475, 129.335, and 129.245
Resistance - 129.740, 130.000, and 130.395
The trade signals are posted on to our Telegram channel on a regular basis as per the link below.
https://t.me/leoprimefx
Chart 1: The short-term view of the EUR/JPY price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points
Chart 2: The short-term view of the EUR/JPY price action in the four hours price chart highlights the direction of the trend and the support and resistance price points
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.