FXWW News/JPY crosses/Technical Analysis

EUR/JPY: Play wide 126.50/129.00 range

I certainly didn’t expect it to fall so quickly, but I guess that’s the point; no-one else did either and hence the sharp fall. Selling rallies looks like the safer play in EUR/JPY and any levels now towards 129.00 look like reasonable entry points for bears. There isn’t much in the way of support until 126.50 hourly lows.

Leave a Reply

Your email address will not be published. Required fields are marked *