EURJPY is weaker following last week's pullback. Key short-term resistance has been defined at 130.75, Sep 3 high and the bull trigger. A deeper sell-off would expose 129.01, a Fibonacci retracement and a move below this level would signal scope for a test of key support at 127.94, Aug 19 low. For bulls, a break of 130.75 is required to confirm a resumption of the uptrend that started Aug 19.

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Taso Anastasiou

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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Resistance Remains Intact