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October 18, 2018 01:29 GMT
Stuck In Range The outlook for.......>
EURO-YEN TECHS
EURO-YEN TECHS: Stuck In Range
The outlook for EURJPY is delicately balanced as bulls struggle to build on
gains above 130 and bears struggle to break below the 100-dma support level. A
close below here would see bears regain control, targeting the Sep 10 low at
127.87, signaling the medium-term outlook is deteriorating. Bulls need to
recover 130.00 to set up a run at the double-top resistance area & 200-dma at
130.50/75. A break opens the 50% fibo of the 2018 range at 131.06.
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