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7 Sep 2015
EUR/JPY: eyes 129.28 fibo - CB
FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank noted that EUR/JPY has sold off aggressively.
Key Quotes:
"This is critical support and the break below here leaves the market on the defensive."
A close below 133.13 will trigger losses to the 2013-2015 support line at 127.39 currently. Initial support will be the 131.80 then 129.28 Fibonacci retracements of the move seen this year."
Key Quotes:
"This is critical support and the break below here leaves the market on the defensive."
A close below 133.13 will trigger losses to the 2013-2015 support line at 127.39 currently. Initial support will be the 131.80 then 129.28 Fibonacci retracements of the move seen this year."