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EURJPY Faces More Downside Pressure On Sell Off

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EURJPY: Having sold off strongly during Monday trading session, EURJPY faces more downside pressure on sell off. This will leave its psycho level support at 129.00 level as the next downside target. While the 131.35/77 zone remains unbroken, this view remains valid. Support comes in at the 128.50 level where a break will aim at the 128.00 level. A turn below here will target the 127.50 level with a breach turning focus to the 127.00 level. Its daily RSI is bearish and pointing lower suggesting

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