EUR/JPY: Euro pulled back but bounced at 129.245

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

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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