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EURJPY: More Weakness is Envisaged On Pullback

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    With EURJPY under pressure, more weakness is envisaged on pullback in the days ahead. This is coming on the back of its Friday’s lower close on loss of upside momentum. This price development has left the cross targeting the 133.00 level. A break will aim at the 132.50 level. Further down, a turn below here will target the 132.00 level with a breach turning focus to the 131.50 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the

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