Analysis

EUR/JPY Technical Analysis: Euro slips through three major support price points

The Euro vs the Yen ended its uptrend journey in the bullish channel after ECB announced it would reduce its QE program in September and put an end in December. The Euro fell out of the bullish price channel and pierced through three major support price points and now attempts to hold at 128.069 support. Failure to maintain activities above 128.069 could see the pair fall further to 127.596 - 127.297. The first resistance is projected at 128.846


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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.