24 Jun 2013
EUR/JPY breaks down the 128.00 area
FXstreet.com (San Francisco) - The Euro is currently trading lower against the Japanese Yen and after falling more than 100 pips in the last hour from 128.85, the EUR/JPY has broken the 128.00 support to reach fresh intra-day low at 127.55.
Currently the EUR/JPY is trading at 127.75, 0.35% down on the day. Short term perspective is slightly bearish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.
EUR/JPY bearish indicators
The EURJPY is trading heavily and the technicals look bearish, now trading below the pivot. A Bearish shooting star candlestick had formed last week which indicates that this bearish play may continue to threaten the support line and SMA100 opening up 127.30 and March highs.
Currently the EUR/JPY is trading at 127.75, 0.35% down on the day. Short term perspective is slightly bearish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.
EUR/JPY bearish indicators
The EURJPY is trading heavily and the technicals look bearish, now trading below the pivot. A Bearish shooting star candlestick had formed last week which indicates that this bearish play may continue to threaten the support line and SMA100 opening up 127.30 and March highs.