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- Nov, 20 EUR/JPY Classical
- Nov, 18 EUR/JPY Classcial
- Nov, 17 EUR/JPY Classical
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EUR/JPY – Rallies have stalled out by 138.50 with the market finding some formidable resistance by the top of a very well defined range that has defined trade over the past several months. Last Monday’s strong bearish outside day has resulted in an acceleration of declines with the market trading back into prominent range. Any rallies are expected to be well capped above 135.00, with 131.00 being the key level to watch below. We retain no strong bias at current levels.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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