SEB: EUR/JPY focus turning towards 132.57-132.00 levels – eFXnews

FXStreet Team FXStreet

FXStreet (Barcelona) - The eFXnews Team shares SEBâ€™s technical outlook for EUR/JPY, with SEB expecting sellers to push the pair lower towards 132.57-132.00 levels on a break below 133.56.

Key Quotes

â€œAfter three days of failed upside attempts above the mid body point of Mondayâ€™s bearish engulfing candle the sellers stepped up to the plate and aggressively pushed the cross lower.â€

â€œMore supply is expected to hit the market once the 133.56 support has been cleared (thereafter focus will be turning to the 132.57 â€“ 132.00 area.â€

â€œUpside reactions should be limited to the 134.30-area.â€

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FXStreet Team

FXStreet

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