Home EUR/JPY Technical Analysis: Bears on track for a run to 123.40, the mid-January low

EUR/JPY Technical Analysis: Bears on track for a run to 123.40, the mid-January low

Updated: 25 Mar. 2019 | 20:08

EUR/JPY stalled through the 50% Fibo of the late Sep highs is now testing the 38.2% Fibo of the 2019 range at the 124 handle with a print of 123.88, breaching the Feb low just above 124 the figure.
Bears can target the 123.40 mid-January low ahead of 122.70 and 121.50.
On the flip side, the 61.8% Fibo guards territory towards the 200-day ma just below the 128 handle.

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.