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

Denis Joeli Fatiaki Independent Analyst

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

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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