EUR/JPY: Euro slides below defence line at 125.268
|What is going on now with EUR/USD?
EUR/JPY: The Euro has been capped for a week at 125.599 and has failed again during the overnight session, pushing prices below 125.268 support in the 60 minutes price chart.
My thoughts on what may happen
EUR/JPY: The Euro is currently trading at 125.210 and needs to get back up and remain above 125.268 to head back to the upside. The Euro could trigger a pullback if it falls below 125.022
Support: 125.022, 124.896, 124.725, and 124.379
Resistance: 125.268, 125.599, and 125.806
We explain, help and guide you to possibly make the right decision on when to enter, apply stop loss to protect your capital, take profit, and exit your position.
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.
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.