Denis Joeli Fatiaki
Independent Analyst
EUR/JPY: Euro pulled back but bounced at 129.245
What is going on now with EUR/JPY?
EUR/JPY: The Euro failed to maintain above 130.000 in yesterdays trades and pulled back to 129.740 support.
The pair continued its pullback during the European session but found support at 129.245 in this morning's trades.
Our forecast
EUR/JPY: The Euro bounced at 129.245 in this morning's trades and made it back above 129.475 but was pushed back and now trades at 129.396. The pair could continue down to 129.245 and 129.145 if it stays below 129.475. The Euro needs to hold above 129.475 to continue to 129.740
Support -129.245, 129.145, and 128.975
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
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